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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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India lost more jobs due to coronavirus lockdown than US did during Depression -Yogendra Yadav

-ThePrint.in New CMIE data shows mind-boggling rise in unemployment since India imposed a nationwide lockdown due to the coronavirus pandemic. Modi government must step in. While we wait to get a clearer picture of the health coronavirus curve in India, we already have the first estimate of the job-destruction caused by the nation-wide lockdown. The numbers are staggering, worse than anything the world has ever known. More jobs were lost in India...

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Kumar Sambhav, independent researcher and co-founder of Land Conflict Watch, interviewed by Aditi Phadnis (Business Standard)

-Business Standard State govts are failing to realise that farmers, landowners are much more aware of the actual market value of their land and about the legal provisions related to consent and rehabilitation etc Independent researcher Kumar Sambhav, who has co-founded Land Conflict Watch - the first and largest database of ongoing land conflicts in India - tells Aditi Phadnis that while India has enacted laws to protect the rights of marginalised...

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Count work, not workers -Sonalde Desai

-The Indian Express Decline in women work participation rates can be traced to poor quality of data collection processes. India is one of the few countries in the world where women’s work participation rates have fallen sharply — from 29 per cent in 2004-5 to 22 per cent in 2011-12 and to 17 per cent in 2017-18. Both the NDA and UPA governments have found themselves in a hot seat trying to...

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Problematic revisions: We need fewer, quicker economic growth estimates -AK Bhattacharya

-Business Standard The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years! When the Central Statistics Office (CSO) declared India’s gross domestic product (GDP) growth figure for 2016-17 on January 6, 2017, economic policy makers in the Narendra Modi government were disappointed. The GDP growth figure was only...

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