-Down to Earth Almost 90% of COVID-19 hospitalisations under the scheme took place in 4 states The Pradhan Mantri Jan Arogya Yojana (PM-JAY), India’s flagship health insurance scheme launched in 2018, provided cushion to only 14.25 per cent of people hospitalised for the novel coronavirus disease (COVID-19) between April 2020 and June 2021. The scheme’s failure during the pandemic was expected. Since health is a state subject and PM-JAY is implemented by the...
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India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar
-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the...
More »Don't believe everything they tell you about breakneck formalization -Pramit Bhattacharya
-Livemint.com There is good reason to doubt the reported decline in the inFormal sector’s share of Indian GDP A State Bank of India (SBI) report that grabbed headlines recently suggests that India’s inFormal sector has shrunk dramatically in recent years. Given that the claim comes from the economic research team of a major state-owned financial institution, it deserves scrutiny. The SBI report examines the likely loss of output or gross domestic product (GDP)...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in inFormal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »InFormal sector shrank sharply in 2020-21: SBI report -Vikas Dhoot
-The Hindu Informal workers continue to bear the brunt of pandemic’s adverse effects, says SBI report Signalling a greater shift towards formalisation of the economy, the share of the large inFormal sector in overall economic activity dipped sharply in 2020-21 even as informal workers continue to bear the brunt of the pandemic’s adverse effects, the SBI said in a research report. Concluding that the share of the informal economy may have shrunk to...
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