-Down to Earth A new report by the World Bank finds that extreme poverty is falling globally A new World Bank study on poverty and shared prosperity says that extreme poverty continues to fall worldwide despite the lethargic state of the global Economy. However, the report warns that given projected growth trends, reducing high inequality may be necessary for reaching the goal of ending extreme poverty by 2030. In 60 out of the...
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Pulses production: Glorious moment for India; here's why -Usha Tuteja and Vishal Dagar
-The Financial Express There are several facets to India’s weak pulse Economy. Nevertheless, it is a glorious moment for the country as pulse production is expected around 22 million tonnes in FY17 surpassing all previous records. According to the initial estimates of the agriculture ministry, kharif production will reach 8.2 million tonnes against 5.4 million tonnes recorded in the last fiscal. This would be possible due to higher allocation of land to...
More »Joblessness rises to 5-year high -Somesh Jha
-The Hindu Female unemployment rose to 8.7% in 2015-16 from 7.7% a year earlier Jobless economic growth continues to haunt India's youth, with the country’s unemployment rate rising to a five-year high of five per cent in 2015-16, according to the latest annual household survey on employment conducted by Labour Bureau. India’s Economy grew 7.1 per cent in the first quarter of 2015-16, slowing from 7.9 per cent a year earlier. The country’s...
More »The Great Job Chase -Lola Nayar
-Outlook FDI’s up, so is GDP. And yet the demographic dividend lies untapped. Here’s why. Blame it on global or domestic scenario, but the Modi government’s promise of ending a decade of jobless growth during the UPA regime is yet to deliver. This is despite a higher economic growth and over 50 per cent rise in FDI inflow in the last two years. “To break away from the joblessness, we need a structural...
More »Why has inflation moderated in India? -Sajjid Z Chinoy
-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...
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