-The Indian Express Thomas Piketty points to the widening income disparities that have accompanied economic growth in India, which endanger social stability The paper by Thomas Piketty and Lucas Chancel, ‘Indian Income Inequality 1922-2014 — From British Raj to Billionaire Raj?’, is now in the public domain. Piketty needs no introduction — his Capital in the Twenty-First Century has been one of the most influential books on economics in the past decade....
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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »NREGA giving only 46 of 100-day work: Workers' alliance
-The Indian Express Activists said that this goes against the spirit of the demand-driven scheme, which has seen a spurt in demand due to rural distress triggered by droughts, floods, and post-demonetisation reverse migration. New Delhi: CONSTANT under-funding of MGNREGA, the rural employment guarantee scheme, is leading to low employment generation on the ground, with only 46 days of work being provided per employed household on an average over the last five...
More »Rural job rush after slowdown -Basant Kumar Mohanty
-The Telegraph New Delhi: The demand for work under the rural job scheme has risen this financial year, with economists and social activists attributing it to the economic slowdown and the spectre of a drought in south India. The Mahatma Gandhi National Rural Employment Guarantee scheme has already generated 119 crore persondays in the first five months of the financial year, data on the rural development ministry's website show. This is 55...
More »Fact Check: India's growth did slump to 5.7%, but not due to 'technical reasons' as Amit Shah claims -Mayank Jain
-Scroll.in BJP chief’s claim that growth rate declined due to change in the methodology doesn’t hold much water. Data released on August 31 marked the sixth straight quarter of slowing growth for the Indian economy as the gross domestic product growth rate slipped to 5.7% in the first quarter of the current financial year. It was a sharp decline from 7.9% growth seen in the same quarter last year. Attempting to explain the...
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