-The Hindu Alarming inequality, failing health care and border tensions loom large and the economic situation needs full attention As the country prepares to enter a new financial year after an ominous and gloomy 2020-21, there are great expectations about green shoots and the shape of the economic recovery. The havoc wreaked by the novel coronavirus pandemic on people’s lives and livelihoods is deep and enormous. The impact of the COVID-19 induced...
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Once in a Century Budget: Statement of Fact or Hope? -Arun Kumar
-TheWire.in The pandemic and lockdown threw existing budgetary calculus completely out of line. But that provides an opportunity too. In December 2020, talking at a CII meet, finance minister Nirmala Sitharaman reportedly stated: “100 years of India wouldn’t have seen a budget being made post-pandemic like this”. Was it a mere statement of fact, that never before had parts of the budget-making process been done in a virtual manner after a pandemic, or...
More »Covid deepened inequalities: wealth, education, gender -Udit Misra
-The Indian Express An Oxfam report, titled ‘The Inequality Virus’, has found that as the pandemic stalled the economy, forcing millions of poor Indians out of jobs, the richest billionaires in India increased their wealth by 35 per cent. A new report by Oxfam has found that the Covid pandemic deeply exacerbated existing inequalities in India and around the world. The report, titled ‘The Inequality Virus’, has found that as the pandemic stalled...
More »Two Key Numbers to Look Out for in the Upcoming Budget 2021 -Jayati Ghosh
-TheWire.in The most important concern is that of increasing public spending. There are really only two numbers to look out for in the forthcoming budget: how much did the government claim to have spent in 2020-21, and how much does it intend to spend in 2021-22. These two numbers will determine whether there is any real hope of sustained macroeconomic recovery in the near future, notwithstanding any claims of green shoots or revival...
More »Imbalances in India’s cereal economy need more than a short-term fix -Jean Dreze
-The Indian Express The need of the hour is to expand distribution under the PDS. Failing that, the country is heading towards another round of wasteful stock accumulation even as poor people struggle to feed their families. The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the...
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