-Livemint.com Data on incomes and wealth suggest India is far more unequal than official estimates based on consumption expenditure data suggest Inequality is in the news once again and the news is not particularly good. In a speech last month, Reserve Bank of India governor Raghuram Rajan commented that increasing Inequality could be curtailing world demand. Since the rich typically spend a smaller portion of their income compared with the poor—who spend...
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Mizoram, Meghalaya have least gender gap: Report -Prabin Kalita
-The Times of India GUWAHATI: Mizoram and Meghalaya are the two states in the country with the least gender gap, according to McKinsey Global Institute's (MGI) "The Power of Parity: Advancing Women Equality in India" report. The gender parity in the two northeastern states, along with that of Kerala, Goa, and Sikkim, are roughly in line with that of Argentina, China, or Indonesia, the report says. In contrast, Assam, Bihar, Madhya Pradesh, Jharkhand,...
More »Making a dent in world poverty depends on India -Noah Smith
-Livemint.com/ Bloomberg To join the global middle class, India must do much better Max Roser is at it again. The Oxford professor and master of economic data visualization has a new set of maps and charts showing how global income and Inequality have changed during the last couple of centuries. The upshot is that while the world has gotten steadily richer that entire time, something very special and very good has...
More »Angus Deaton and the great Indian poverty debate -Himanshu
-Livemint.com Nobel to Deaton calls for a celebration of not just his own work but also the contributions of a number of Indian economists who have engaged with similar issues The announcement of Angus Deaton winning the Nobel Prize in economics was unexpected but not surprising. His body of work over the years has influenced many of us who have worked on issues of poverty, nutrition and food security. It is...
More »Nobel Prize for Economics Reflects Issues on UN Development Agenda -Thalif Deen
-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare. Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...
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