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Whose GDP is it anyway? -Praveen Chakravarty

-The Hindu It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework In a few weeks, a quarterly ritual will play out in India. The Government will release the first quarter’s Gross Domestic Product (GDP) growth numbers with some chest-thumping about how India is among the fastest-growing economies in the world. Opposition parties will hold press conferences on the same day to counter such bombast...

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Backsliding on climate action -TS Tirumurti

-The Hindu Western nations have started reinterpreting the Paris deal and look to downgrade their commitments Countries in Europe led by Germany, Austria and the Netherlands are cranking up their coal plants again. Coal exports to Europe are surging. Fossil fuels are making a comeback and countries are rejecting the European Union (EU)’s plan to reduce natural gas consumption by 15%. Dutch, Polish and other European farmers are protesting against emission cuts...

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PM Modi May Decry 'Revdi Culture' – But it Still Runs Our Political economy -Arun Kumar

-TheWire.in There is little doubt that the practice of handing out freebies undermines both democracy and development. But the problem doesn't lie just with the opposition. Constitutional authorities in India have recently spoken about key challenges the country is facing. The Chief Justice of India (CJI) has said that there is “diminishing” space for the opposition, that there was no longer any mutual respect between the Union government and the opposition, and that...

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As the rupee touches 80 to the dollar, what does this mean for India’s economy? -Deepanshu Mohan

-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it...

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The challenges of Gig-economy -Ashish Kumar Singh & Akash Singh

-CounterCurrent.org According to a NITI Aayog recent report titled ‘India’s Booming Gig and Platform economy’ India’s gig workforce, estimated to be at 77 lakh in 2020-21. It is expected to go up to 2.35 crore by 2029-30. Gig worker are defined by Niti Aayog as those engaged in livelihoods outside the traditional employer-employee arrangement. Gig workers can be broadly classified into platform and non-platform-based workers. Platform workers are those whose work...

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