-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the Poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...
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'Pushing Urban Poor to Take Loans is Wrong, Govt Needs to Give Income Support Instead' -Karan Thapar
-TheWire.in Professor of Economics at the University of Massachusetts at Amherst, Jayati Ghosh, says over the last 16 months of the pandemic the government’s handling of the economic crisis has been cruel and incompetent. One of India’s well-known and highly regarded economists has said the government’s refusal to provide income support to the unemployed and Poor and instead asking them to take government guaranteed loans which the Chief Economic Advisor has said...
More »Several studies but one conclusion -- Poorly planned COVID-19 induced national lockdown hurt the Poor the most
The recent Supreme Court of India’s judgments (please click here and here) related to ensuring food security of the migrant and unorganised sector workers through the provision of dry ration, running of community kitchens and proper implementation of the 'One Nation One Ration Card' scheme should come as no surprise to us. A recent review of some of the robust studies, which relied on multi-state surveys (or reference surveys), having...
More »Sustainable development report shows devastating impact of COVID, ahead of ‘critical’ new phase
-UN News The Sustainable Development Goals Report 2021, launched on Tuesday at UN Headquarters in New York, shows the toll that the COVID-19 pandemic has taken on the 2030 Agenda, as the landmark annual High-Level Political Forum (HLPF) officially got underway. Gains rolled back In addition to the almost four million deaths due to the coronavirus, between 119-124 million people were pushed back into poverty and chronic hunger, and the equivalent of 255...
More »Less food, more work: pandemic hit Poor women the hardest, says study
-TheFederal.com Dalberg research finds women from low-income sections were first to lose jobs and last to regain them due to COVID disruptions While the pandemic was tough on the nation’s Poor, the women from the low-income section were dealt a harder blow, research has revealed. As a cash crunch hit household expenses, women’s nutrition, health and employment were the worst hit and the last to recover. A study by consulting firm Dalberg —...
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