-The Indian Express Amartya Sen, Raghuram Rajan, Abhijit Banerjee write: As it becomes clear that the lockdown will go on for quite a while, the biggest worry right now, by far, is that a huge number of people will be pushed into dire poverty or even starvation by the combination of the loss of their livelihoods and interruptions in the standard delivery mechanisms. We in India worry a lot about the possible...
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COVID-19: UN Report Says About 400 Million Indian Workers May Sink Into Poverty
-PTI/ NDTV The International Labour Organization (ILO) in its report titled 'ILO Monitor 2nd edition: COVID-19 and the world of work', describes coronavirus pandemic as "the worst global crisis since World War II". United Nations: About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis which is having "catastrophic consequences", and is expected to wipe out 195 million...
More »Coronavirus Will Upend the 'Profits Over People' Mantra of Globalisation -Maitreesh Ghatak
-TheWire.in Our relentless pursuit of economic growth poses serious risks not just to the environment but also to public health. The COVID-19 pandemic is first and foremost a public health crisis, but it brings along with it an economic crisis that is no less devastating. The public health crisis and the economic crisis are closely interrelated, especially in a country like India. India’s healthcare system lacks the resources to withstand the potential...
More »Chinmay Tumbe, economist and Assistant Professor at IIM Ahmedabad, interviewed by Seema Chishti (The Indian Express)
-The Indian Express That migrants' health takes a huge beating in this process. That the already-malnourished will suffer immensely, says Chinmay Tumbe. Economist Chinmay Tumbe, author most recently of India Moving – A History of Migration and an Assistant Professor at IIM (Ahmedabad) spoke to Seema Chishti on the many implications of the surging crowds of migrants anxious to go home in the wake of the national lockdown. * Given the sudden rush...
More »Govt shouldn’t junk unpleasant data -Biswajit Mandal & Saswati Chaudhuri
-The Hindu Business Line Suppressing data that point to low growth, rising joblessness and poverty impedes effective policymaking in a crisis Finance Minister Nirmala Sitharaman, in her Budget speech, said “data is the new oil” and stressed on the credibility of data to combat the difficulties in real-time monitoring of the Indian economy. She even proposed building data centre parks throughout the country so that skilful incorporation of data in every step...
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