-The Hindu The present national accounting and analytical framework misses out on many key dimensions of a complex economy The new series of Gross Domestic Product (GDP) figures with 2011-12 as base, released in 2015, has not gone well with analysts; the withholding of employment-UNEMPLOYMENT data for some time and consumer expenditure data, which is not released, added to this unease. Bringing the National Sample Survey Office (NSSO) under the fold of...
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Nearly half a billion people can't find decent work; UNEMPLOYMENT set to rise: new UN labour report
-United Nations News Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organization (ILO) on Monday, which also forecasts that UNEMPLOYMENT will rise by about 2.5 million this year. After nine years of relatively stable global UNEMPLOYMENT, the World Employment and Social Outlook: Trends 2020 puts the rising jobless numbers down...
More »Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
More »Reset and refocus -Amartya Lahiri
-The Indian Express Impression that government prioritises non-economic agenda over development must be addressed India is now well and truly in the middle of a socio-economic upheaval. The economy has been weakening for a couple of years now. The social upheaval is new but its seeds have been fermenting for a while. The danger here is that the social and economic sides of an economy are not divorced from each other....
More »An Indian baby boom that is not really one
-Livemint.com News of India recording the world’s most New Year’s Day births seems to have revived talk of a strict population control policy. But there is no need for panic. Nor state intervention. For decades, doomsday theories of our population boom have been used to explainrising poverty and UNEMPLOYMENT, food shortages and health crises, environmental degradation and climate change. This New Year’s Day, Unicef, the United Nations’ children’s agency, estimated that nearly...
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