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An economic disaster foretold -Amit Bhaduri and Deepankar Basu

-The Hindu The reported contraction of the economy is likely an underestimate for reasons of omission and commission According to data released by the Ministry of Statistics and Programme Implementation of the Government of India on August 31, 2020, real quarterly GDP contracted by a whopping 23.9% between April-June 2019 and April-June 2020. This magnitude of real GDP decline is unprecedented since the country started publishing quarterly GDP estimates in 1996. This...

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Extreme rains lead to more rural farmer suicides than droughts: Study -Jayashree Nandi

-Hindustan Times The international study includes data from Indian rural areas while measuring the impact of some weather events on suicides. Not only drought but flooding or even extreme rainfall leading to excess water availability is linked to higher cases of suicides among those above the age of 15 years in rural areas, a new study has suggested. In an analysis of 9,456 suicides between 2001 and 2013 in randomly selected rural areas,...

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Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future. The Monthly Economic Report of...

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Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers

ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...

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More evidence of India’s food insecurity -Vaishali Bansal

-The Hindu The SOFI report and lockdown distress have renewed focus on what is also the world’s largest food insecure population Data from the latest edition of the State of Food Security and Nutrition in the World (SOFI) report show that India retains the dubious distinction of being the country with the largest population of food insecure people. Estimates presented in the report which was released by several United Nations organisations show...

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