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The future of old times in India -Jean Drèze and Esther Duflo

-The Hindu Near-universal social security pensions would be a good start to a radical expansion of public support for the elderly Life expectancy in India has more than doubled since Independence — from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed from about six children...

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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap

There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

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Basic Needs Not Freebies; Poor People More Entitled to Receive Them: Jayati Ghosh

-PTI/ Newsclick.in The economist said the word 'freebies' indicates the class position of those who use it. New Delhi: Economist Jayati Ghosh said that 'basic needs' like nutrition, healthcare, housing and education, which the government should provide for its citizens, are not freebies, while asserting that the poor are more entitled to receive their basic needs. Ghosh noted that the word 'freebies' indicates the class position of those who use it. "India has one...

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Survey data on poverty and broad policy pointers -R Srinivasan and S Raja Sethu Durai

-The Hindu There needs to be engagement with survey data, but ground-level realities should shape programmatic interventions Based on multidimensional poverty measurement, the Poverty Ratio (Head Count Ratio) in Tamil Nadu declined from 4.89% in 2015-16 to 1.57% in 2020-21, based on the fourth and fifth rounds of the National Family Health Survey (NFHS) data. Is this too good to believe? Maybe so. Academics have questioned the quality of NFHS data for...

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MGNREGA: Safety net looks fragile -Divya Trivedi

-Frontline.thehindu.com Though not the only solution to rural unemployment, it is an important social security measure. Soon after becoming Prime Minister, Narendra Modi mocked the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Parliament and called it a monumental failure of the United Progressive Alliance government. Interestingly, he added that he would not end the scheme but would keep it alive as a symbol of the Congress’ inability to address poverty. Five...

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