During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
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India’s middle class shrank by 32 mn in 2020, says Pew report -ASIt Ranjan Mishra
-Livemint.com The shrinking of middle class population could have a medium-term impact on India’s growth trajectory The coronavirus pandemic may have shrunk India’s middle-class population by 32 million and driven 75 million below the poverty line in 2020, a Pew Research Centre report said, as a severe recession walloped ASIa’s third-largest economy. The report, which is based on an analysis of World Bank data, said that in comparison China fared much better, with...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »How women in East ASIa became much freer than their sisters in South ASIa in just a century -Alice Evans
-Scroll.in In patriarchal societies, industrialisation and structural transformation are necessary preconditions for the emancipation of women. Around 1900, women in East ASIa and South ASIa were equally oppressed and unfree. But over the course of the 20th century, gender equality in East ASIa advanced far ahead of South ASIa. What accounts for this divergence? The first-order difference between East and South ASIa is economic development. East ASIan women left the countryside in droves...
More »By introducing eggs in mid-day meals, Maharashtra government could end malnutrition in the state. Will it? -Tejaswini Tabhane and Akshay Tarfe
-CaravanMagazine.in In 2005, Maharashtra’s Palghar district became the face of chronic child malnutrition in India as reports emerged of the death of 718 children due to malnutrition. Palghar, a predominantly tribal region, with a 37 percent AdivASI population, is only 114 kilometres away from Mumbai, the capital of Maharashtra and one of the richest cities in ASIa. The next decade saw India’s gross domestic product grow in double digits, enthralling both...
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