-Hindustan Times PLFS report shows urban unemployment grew; there was an unprecedented shift from urban to rural jobs; wages fell and underemployment increased The 2019-20 Periodic Labour Force Survey (PLFS), which was released last week by the National Statistical Office (NSO) shows a fall in unemployment rate from 5.8% in 2018-19 to 4.8% 2019-20. Since PLFS follows a July-June rather than the fiscal year (April-March) period, the 2019-20 report includes the 68-day...
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The neoliberal reforms of 1991 didn’t work as claimed -Jayati Ghosh
-Macroscan.com/ Livemint.com There is a common trope, fed especially to generations born after 1991, that economic progress and modernization in India really occurred only after ‘liberalizing’ economic reforms were introduced three decades ago. This is a travesty of the truth. Certainly, conditions for most Indians have improved since that watershed year. Per capita income went up more rapidly than before, life expectancy went up, infant and maternal mortality decreased, income poverty...
More »Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021
-Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021 “Promises & Reality – Citizens’ Report on the Year Two of the NDA II Government, 2020-21” is a collective work by eminent members and organisations of the Indian civil society. The report covers a wide array of concerns and issues in thematic areas including health,...
More »The bad news hidden in the good news on job numbers -Vivek Kaul
-Livemint.com The lack of jobs is forcing many people to stop looking for one and thus drop out of the workforce. Here’s the good news first. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate for June 2021 fell to 9.17%. It was at 11.9% in May. The following chart plots the unemployment rate since January 2016, the period for which this data is available. As can be seen from...
More »Jean Drèze, development economist and right to food activist, interviewed by Shriya Mohan (The Hindu Business Line)
-The Hindu Business Line The development economist, now part of Tamil Nadu’s Economic Advisory Council, says that public expenditure on health is just 0.6 per cent of the state domestic product, one of the lowest ratios among Indian states * Universal quality education, health care and social security are still distant goals * A well-designed system of emergency cash transfers would be quite useful in this situation of recurrent crises, which may last...
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