-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
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India’s jobless growth is undermining its ability to reap the demographic dividend -Christophe Jaffrelot
-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
More »Unseeing the drought -Harsh Mander
-The Indian Express The suffering of millions does not create public outrage, much less government accountability. The people of India’s villages carry collective memories of centuries of calamitous losses of sometimes millions of lives in famines. Famines have been pushed into history, unarguably one of free India’s greatest accomplishments. But the same can’t be said about droughts, which continue to extract an enormous toll on human suffering. At least a third of the...
More »Farmers earn lesser than industrial, services sector workers: Agriculture minister
-PTI Radha Mohan Singh total number of agricultural workers in the country increased from 234.1 million in 2001 to 263 million in 2011. Therefore, it cannot be categorically stated that farmers are leaving the profession of agriculture. Farmers are earning less than workers in industrial and services sectors because of lower farm output, Parliament was informed Tuesday. "Income from the farm sector is less as compared to income from industrial and services sector,"...
More »Revised MGNREGA wages put States in a quandary
-PTI State govts fear that the new rates would not be able to attract labourers because they are still below the existing minimum wages fixed by the states. The revised MGNREGA wages for the current fiscal announced recently have left various state governments in a quandary as they apprehend the new rates would not be able to attract labourers because they are still below the existing minimum wages fixed by the...
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