-TheLeaflet.in Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis. —– THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during...
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Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) , interviewed by Govindraj Ethiraj (IndiaSpend.com)
-IndiaSpend.com Latest data indicate a structural shift away from organised sector jobs towards more insecure self-employment or unorganised sector jobs, Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) tells us in this interview Mumbai: "We have an ageing population. If we have shrinking employment in urban places, if the better educated graduates or postgraduates are the ones who are losing jobs, how can we recover the economy from the downslide...
More »Firms show increase in profits even as sales fall -Vineet Sachdev
-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
More »Covid puzzles: Jobs back, labour shrinks, demand low but inflation still high -Aanchal Magazine and Anil Sasi
-The Indian Express While much of the world is seeing benign inflation trends, India is a clear exception. Among the drivers of headline inflation in India in recent months has been food prices, especially those of vegetables. With economic activity picking pace after the easing of lockdown measures, the recovery has thrown up some paradoxes: revival in employment amid a fall in labour force participation, surging inflation rate despite disinflationary impact from...
More »Techies and teachers take white-collar hit -Basant Kumar Mohanty
-The Telegraph 32.6% of the 18.1 million jobs in the country were lost in four months India witnessed the erosion of nearly a third of its white-collar jobs between May and August, with professionals like software engineers, teachers, accountants and analysts taking the biggest hit, a survey by a data agency has shown. The Centre for Monitoring Indian Economy has found that 5.9 million (32.6 per cent) of the 18.1 million white-collar jobs...
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