-Down to Earth The warming of the Arctic, as seen by the Siberian heatwave, may also impact western disturbances in India Verkhoyansk, a town in Siberia, has recorded the highest temperature in the Arctic circle in the last 140 years at 38 degree celsius. This is around 18°C higher than the normal temperature for this time of the year for the place. Even though the town is in the Guinness book of world...
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How China Reduced the Urban-Rural Economic Chasm – and How India Can Do it Too -Mahesh Uniyal
-TheWire.in Unlike China which supported productivity-enhancing R&D investments, India’s focus has been on politically-driven subsidies that mainly benefit large farmers. We saw the trailer two years ago. TV news visuals of the plight of thousands of rural poor marching to Mumbai shocked the relatively affluent residents of India’s financial capital. The March 2018 Maharashtra farmers’ march and now the nationwide COVID-19 lockdown-triggered migrant exodus has exposed the stark duality of India – an...
More »Two joblessness narratives in India from two large-scale surveys -Sriharsha Devulapalli and Pramit Bhattacharya
-Livemint.com A Mint analysis suggests that the CMIE figures should not be considered a proxy for the official unemployment and labour force participation rates As the country went under lockdown, and everything, INCluding the collection of statistics, came to a halt, analysts and economists were left scrambling for data to seize up just how badly the economy was doing. One dataset that has come to the rescue is the nationally representative employment-unemployment...
More »The tale of two economies: What changed in 30 years -Vivek Kaul
-Livemint.com World Bank data shows that India’s per capita INCome, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores Until 1990, India’s per capita INCome was higher than that of China. However, data from the World Bank shows that India’s per capita INCome, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores. What was China’s...
More »It’s raining jobs in rural India as farm economy opens up -Prashant K. Nanda
-Livemint.com * INCreased government spending on the rural jobs programme has also aided returnee migrants * The urban job loss rate fell nearly 2 percentage points to 11.19% in the week ended 21 June over the previous week The timely arrival of the monsoon has given a much-needed boost to rural employment, absorbing thousands of migrant workers who have returned to their rural homes in seasonal farm jobs. The rural unemployment rate continued to...
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