-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...
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Misleading Picture of Household Wealth -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...
More »The under-nutrition problem in Bundelkhand should receive equal attention of the policymakers, if not more
Recent media reports point out that the Bundelkhand region of Uttar Pradesh is likely to get about Rs. 6,300 crore projects ahead of the upcoming Uttar Pradesh assembly polls, including a Rs. 400 crore worth plant for the propulsion system of anti-tank guided missiles in Jhansi. The foundation was laid for the first project in the Jhansi node (related to the Uttar Pradesh Defence Industrial Corridor) on November 18, 2021. The two...
More »Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data
One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
More »Are we witnessing depeasantisation in Indian agriculture?
The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...
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