The $12 billion Posco investment in India was supposed to be the biggest FDI project in the country. After six years that still remains on paper Horangineun jugeumyeon gajugeul namgigo, Sarameun jugeumyun ireumeul namginda (When tigers die, they leave behind leather. When people die, they leave their names behind) —Old Korean Proverb The news flash from Press Trust of India came on July 10, 2011. Posco, the $32 billion South Korean steel giant had decided to...
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India’s employment challenge by Himanshu
The recent estimates of employment and unemployment from the 66th round (2009-10) of the National Sample Survey (NSS) belie any hopes that the growth of the Indian economy between 2004-05 and 2009-10 has been inclusive. Employment has expanded by only a million jobs during this period. Not only is this lowest ever growth recorded in any such period, the fact that it occurred during the period of highest growth in...
More »A relentless crusader by Sudha Umashanker
Ruth Manorama started her work with the urban poor in her youth; there has been no turning back ever since. She is the powerful voice of Dalit women today. Is it easy being a Dalit in India? And a woman at that? Have things changed for the better for the Dalits who constitute roughly 16.23 per cent of our population, since the Constitution of India “cast a special responsibility on the...
More »Prof. Reetika Khera interviewed by The Economic Times
Matter begins: What is the impact of the National Rural Employment Guarentee Act on rural wages? That is the question that the pundits are asking today. It's a query which feeds into a larger question. Six years have passed since NREGA became a legal reality. What is its village-level impact? It's a complex question to answer. NREGA undertakes to provide employment to anyone who asks for it. Which makes it...
More »Missing demographic dividend? by Arup Mitra
The results of the NSS 66th round survey (2009-10) on employment and unemployment show a striking decline in the female labour force and the workforce participation rates as per all the three criteria (the usual, weekly and daily status) in rural and urban areas as compared to 2004-05. Even among urban males, there is a decline in the rates as per the usual and weekly status, though the daily status...
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