-TheWeek.in Well-off are doing fine; stagflation confined to middle and lower-middle classes Kaushik Basu, former chief economic adviser to the government and former chief economist of the World Bank, is currently teaching at Cornell University in the US. In an exclusive interaction, he talks about the current challenges before the Indian economy and its future growth prospects. Excerpts: Q/ Is the Indian economy moving in the right direction? A/ The performance of the Indian...
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Show commitment to equity in the Budget -Aruna Roy and Nikhil Dey
-The Hindu The Government needs to stop India’s avalanching slide into a grossly divided society, made worse by the pandemic On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. Titled Inequality Kills, the report calculated and presented the quantum growth in wealth of a minuscule few, and the simultaneous impoverishment of millions of working people. During the novel coronavirus pandemic, the report reveals, more than half the world’s new...
More »What We Could Hope For – But Should Not Expect – in Budget 2022-23 -Jayati Ghosh
-TheWire.in Faced with a Union government that puts its own image-building ahead of the good of the people, let us imagine a scenario where Budget 2022-23 is, instead, drafted by a government which is willing to cooperate with the states and respond to the needs of the people. No matter where we look, bad news on the economy just keeps pouring in. Despite all the official and unofficial media attempts to talk up...
More »Poor Country With Affluent Elite, India Is Going Nowhere -Jayati Ghosh
- The India Cable/ TheWire.in India is now one of the most unequal countries for both income and wealth inequality — and has shown the most rapid increases in inequality. The Paris-based World Inequality Lab has become a major source of data on global inequality, based on careful aggregation of national data from a multitude of sources, of both income and wealth inequality, at national, regional and global levels. Their latest World...
More »India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya
-Newsclick.in The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020. While 84% of households in India suffered a decline in their income in a year marked by the tremendous loss of life and livelihoods, the number of...
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