-Livemint.com Sluggish wage Growth, lower crop planting, fluctuating prices paint a dismal picture for farmers and the agriculture sector New data released by the government on rural wages, crop prices and sowing of winter crops reveals that rural distress is worsening. Planting of wheat, the main winter crop, between October and early January was 5% lower than a year ago due to lower sowing in Madhya Pradesh by close to a million hectares;...
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Jobs Increase in 2017 - Just 0.5% -Subodh Varma
-Newsclick.in PM Modi - who promised to create 1 crore jobs - is supremely indifferent to this crushing crisis. In Jind district of Haryana, 8 posts of peon and one post of process server were advertised. Authorities were inundated with 14,836 applications for the former and 3662 for the latter. That’s about 2055 applicants per vacancy. Although the peon’s position required just class 10 eligibility, graduates, post graduates and even PhD...
More »Agriculture ministry differs with CSO over estimated Growth of farm sector
The Ministry of Agriculture and Farmers Welfare has contended that the Growth in real Gross Value Added (GVA) by the agrarian sector will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the Growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' sector is likely to dip from 4.9...
More »India's jobless Growth is not a myth -Mahesh Vyas
-Livemint.com If we do not recognize the problem on hand, we will not have any reason to try and find solutions India’s jobless Growth is a myth, stated R. Gopalan and M.C. Singhi in an opinion piece in Mint on 19 December. They used data published by the Labour Bureau from their employment-unemployment surveys between 2009-10 and 2015-16. These were the first and last surveys conducted by the Labour Bureau on the...
More »A statistical boost to Growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP Growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) Growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
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