-Livemint.com Barring sales of second-hand vehicles and new tractors, the auto industry remains badly hit. Vehicles used for transporting goods are among the worst-hit segments Will the Indian economy recover quickly from the June quarter lows? That’s the trillion dollar question facing investors today. One sector that offers vital clues in this regard is the automobile sector. Vehicle sales are among the key lead indicators of consumption and an important source of...
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India can learn a lot from Korea’s economic boom -Vivek Kaul
-Livemint.com In 1961, the per capita income of India and South Korea was similar at $85.4 and $93.8. In 2019, there was a huge difference as they stood at $2,104.1 and $31,762, respectively. How did that happen and what can India learn from it? Mint explains * What has happened between 1950s to now? As Arvind Panagariya, the first vice-chairman of NITI Aayog, writes in India Unlimited: “In the early 1950s, South Korea,...
More »Is concrete the way forward in rebuilding the Sunderbans? -Megnaa Mehtta & Debjani Bhattacharyya
-The Telegraph Since 2007, the Bay of Bengal basin has seen at least 15 major cyclones, including Sidr in 2007, Aila in 2009, Phailin in 2013, Hudhud in 2014, Bulbul in 2019 and Amphan this year. Amphan made landfall in the Sunderbans, home to five million people, on May 20. More than 13.2 billion dollars worth of property was destroyed and more than 500,000 people left homeless. An Unesco heritage site,...
More »The Exodus of Finance from the Third World -Prabhat Patnaik
-Newsclick.in This unwillingness of finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external debt. There is an exodus of finance from the Third World at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of finance...
More »Coronavirus deepens struggles for migrant workers in Gulf countries
-The Indian Express A large number of migrants in the Persian Gulf come from India, Bangladesh, Nepal, Pakistan, and the Philippines. The loss of income will not just affect the workers but will also echo across continents in their home countries, which receive billions of dollars in remittances every year. New Delhi: As multiple countries across the globe try to grapple with the lockdown imposed due to coronavirus pandemic, migrants in the...
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