-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Why are rural wages crawling when farm GDP growth is galloping -Gaurav Choudhury
-MoneyControl.com A continued property market slowdown and a vegetable glut may have pushed landless labourers back to villages, seeking daily jobs and depressing wage growth India’s gross domestic product (GDP) growth looks set to cruise along the 7-7.5 percent trail, partly aided by steady farm incomes and record harvests on the back of plentiful summer rains over the last three years. But it may still be early to open the bubbly yet. The...
More »Non-agricultural jobs pay better than the agrarian ones, on average, though wage rates vary across different rural occupations
If someone is a rural male, what occupation would he prefer? A rational person might say that depending on the highest prevailing daily wage rate in a particular occupation (which is subject to seasonal variation) vis-à-vis the rest, he will make his choice. An exercise undertaken by the Inclusive Media for Change team based on the latest available month-wise wage data of rural men shows that there is a seasonal variation...
More »Jean Dreze, development economist and social activist, interviewed by Sagar (CaravanMagazine.in)
-CaravanMagazine.in The economist Jean Drèze’s book, Sense and Solidarity, published in late 2017, deals with the impact of Aadhaar on social-welfare programmes, such as the National Food Security Act and the Mahatma Gandhi National Rural Employment Guarantee Scheme, among other things. Drèze was a member of the United Progressive Alliance government’s advisory council, which designed the NFSA and MGNREGS. He co-authored some of the essays in this book with colleagues and...
More »Rural Distress: 9 Crore Applied For MGNREGS Work Last Year -Subodh Varma
-Newsclick.in Shrinking farm incomes, frozen wages and lack of jobs is driving people to work in the scheme for a pittance. Nearly 9 crore Indians applied for work in the rural jobs guarantee scheme (MGNREGS) in 2017-18, according to data put out by the ministry of rural development. That’s a staggering 42% of the rural work force. Of those who applied for work, some 1.4 crore persons (or about 15%) were turned...
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