-The Hindu Further, women need to be included in all facets of livestock development — breeding, veterinary care, extension services, training or access to credit and markets The livestock sector is one of the most rapidly growing components of the rural economy of India, accounting for 5% of national income and 28% of agricultural GDP in 2018-19. In the last six years, the livestock sector grew at 7.9% (at constant prices) while...
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Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Macro policy for uncertain times -Sonal Varma
-Business Standard External storms are morphing into hurricanes. India is in a relatively better position than many other countries, but this period of heightened volatility will require agility and clarity on policy Despite recovering from the pandemic, repeated global shocks have presented numerous challenges for India’s economy this year, driving inflation and evoking balance of payments (BoP) pressures. These shocks will likely persist for much longer. In the US, even amidst signs of...
More »Study finds out how much annual investment is needed to create full employment in India
-PTI/ The Tribune It also suggests that government should enact ‘Right to Work’ law to ensure decent livelihood for citizens New Delhi: The government needs to enact a ‘Right to Work’ legislation and invest at least 5 per cent of GDP, that is Rs 13.52 lakh crore, per year to ensure full employment in the country, as per a study by the People’s Commission on Employment and Unemployment. The People’s Commission on Employment...
More »Financial inclusion of MSMEs and its impact on society -Hardika Shah
-The Hindu Business Line Why access to capital for MSME entrepreneurs has the potential to alter India’s social fabric India’s social fabric has undergone a series of transformations since Independence. After the liberalisation of the economy in the 1990s, the market opened up and employment opportunities grew, as did the spending power and standard of living of the average Indian. As financial access grew, so did social mobility. However, certain sections have lagged...
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