-ThePrint.in K-shaped recovery means the growing gap between ‘winners and losers’. An example in India is the stock market being healthy while millions have lost their jobs. Amidst the flood of commentary that followed the finding that the world’s fastest-growing large economy had become its fastest-shrinking one, an observation that stood out was that India’s growth potential had dropped from 6 per cent to 5 per cent. Now, it has been obvious...
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Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers
ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...
More »India’s descent into stepwells of growth -Kaushik Basu
-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s growth in the coming year from -5.8% to -8.5%....
More »Over three-fourth of workers lost livelihoods since lockdown, finds a national survey of informal workers conducted by ActionAid India
-Press release by ActionAid India dated 13th August, 2020 Out of 11,537 respondents, over three-fourths reported that they had lost their livelihood since the imposition of the lockdown. Close to half of the respondents said that they had not received any income, and about 17 per cent had received only partial wages. Approximately 53 per cent said that they had incurred additional debt during the lockdown. More than half of the...
More »This Kharif season, PMFBY sees sharp fall in farmers covered, sums insured -Harikishan Sharma and Harish Damodaran
-The Indian Express "Opposition-ruled Maharashtra, Rajasthan and Chhattisgarh record highest coverage, even as many states, including Gujarat and MP, pull out of Modi government's flagship insurance scheme. Pradhan Mantri Fasal Bima Yojana (PMFBY) has seen a sharp drop in the number of farmers covered and sums insured in the current kharif cropping season. This comes even as many states – Andhra Pradesh, Telangana, Jharkhand, Gujarat and Madhya Pradesh – have exited or...
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