-The Hindu Pew Research report suggests middle class may have shrunk by 30% and number of poor risen by 7.5 crore India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession, while the number of poor people — earning less than ₹150 per day — more than doubled, according to an analysis by the Pew Research Center. In a comparison, Chinese incomes remained relatively unshaken, with just a...
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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 »The bad news from state budgets -Ishan Bakshi
-The Indian Express States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery. Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during...
More »India reports 35,871 fresh cases; Maharashtra contributes nearly 65% of new infections
-The Indian Express Maharashtra reported this year’s record high of 23,179 Covid-19 cases, accounting for over 60 per cent of new cases diagnosed in India. This is close to the peak of 24,886 that the state recorded in September last year. India detected 35,871 cases of the novel Coronavirus on Wednesday, of which 23,179 cases (close to 65 per cent) were from Maharashtra. The number of active cases in the country has...
More »House panel flags slow pace of vaccination
-The Hindu Committee on Home Affairs for immunisation of all frontline workers, CAPF personnel A parliamentary panel on home affairs observed that “till now, less than 1% of the Indian population has been vaccinated and at this rate it will take many years to vaccinate whole population.” The parliamentary standing committee on home affairs, headed by Congress leader Anand Sharma, tabled the report in Rajya Sabha on Monday. Second dose missed “The Committee also expresses...
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