-The Hindu Devising State-specific industrialisation strategies in coordination with the Centre will improve manufacturing Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons....
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The illusion of a revival in the country’s agricultural sector -Himanshu
-Livemint.com Big hopes are being pinned on farming but its performance is not as impressive as made out to be Most recent economic indicators suggest a modest recovery compared to the first two months of India’s lockdown. But when compared to the data of last year, it also becomes clear that an economic comeback is likely to be a long-drawn affair. There is also a consensus that a recovery will be contingent...
More »An invisible humanitarian crisis in India -Harsh Mander
-The Hindu The state and the rich and middle classes remain indifferent as millions slip into chronic hunger and intense poverty India’s labouring poor have largely disappeared even from the inner pages of newspapers and from television screens. It is as though, after the country has gradually unlocked and most migrants have returned home, the wrenching distress of mass hunger and sudden unemployment that racked their lives has somehow passed. The reality...
More »Food Consumption Trends Point at Real Income Decline Before Pandemic -Prabhat Patnaik
-Newsclick.in Why has there been a tendency toward persistent ‘excess supply’ in the foodgrain market when growth rate of foodgrain output has barely exceeded the population growth rate? The pandemic and the lockdown are certainly causing an absolute shrinkage in the gross domestic product (GDP) of the Indian economy. But these tend to obscure something very serious that was happening even earlier, namely, a real income decline for vast numbers of working...
More »As a district unlocks: ‘Left on a truck to see family, but now I am returning to save them’ -Dipankar Ghose
-The Indian Express Beginning May, a huge influx of returning migrants, unable to sustain themselves in locked-down cities, walking kilometres, starving in trains, reached the succour of home in Bihar. But with no work, and the lockdown affecting the rural economy as well with falling agricultural prices, they are leaving again. Patna: THEY STAND close to each other, bags slung over shoulders, noses pressed against the glass. They watch flights land and...
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