-The Hindu It is imperative to focus on agricultural production in devising a long-term solution to the problem of Unemployment At a panel discussion hosted recently by the students of Delhi’s Ambedkar University, the topic was, ‘Are we heading for an economic crisis?’ Presumably, they had been prompted by the all-absorbing news of a slowing economy. It is indeed correct that such a slowing is taking place. Growth has slowed for the...
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Creating jobs for young India -Jayan Jose Thomas
-The Hindu If India does not make effective use of the strengths of its youth now, it may never do Amartya Sen had once quipped that India’s Unemployment figures were low enough to put many developed countries to shame. Professor Sen was, of course, not commending the country’s record in employment creation, but instead, highlighting the difficulties involved in measuring employment and Unemployment in a developing country. Unemployment has been at the centre...
More »Critical data on India's higher education is out but only Modi has hijacked headlines -Yogendra Yadav
-ThePrint.in When you put the reports by HRD ministry and CMIE survey together, you are looking at a simmering volcano. While Indians were busy celebrating the country’s global triumph and commiserating about its terrestrial adventures, two important reports went almost unnoticed. The eighth annual All India Survey on Higher Education 2018-19 was released by the Ministry of Human Resource Development last week. It coincided with the release of four-monthly report ‘Unemployment in...
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high Unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
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