-Live Mint NSSO data show that slower pace of jobs creation between 2004-05 and 2011-12 reflects a fall in distressed farm employment Tracing the pace of new jobs created in an economy, a key electoral issue, is a good indicator of inclusive and balanced growth. But in a developing country such as India, the nature of new employment is often as important as the total number of jobs created. The changes...
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The India-Bharat gap is not widening -Pramit Bhattacharya
-Live Mint Difference between average spending in urban and rural areas declined by 0.6 percentage points between 2004-05 and 2011-12 The seven years between 2004-05 and 2011-12 have been among the most prosperous phases India has ever seen. What makes this phase unique is that the gains from high growth have been more evenly shared between rural and urban India than before. Real rural consumption expenditure grew at an average annual pace...
More »Prices rise, not hunger -Jitendra
-Down to Earth People prefer to eat less nutritious food than go hungry, says FAO GLOBAL CHRONIC hunger has declined significantly despite sharp increases in the prices of primary food products since 2008. Price hikes have limited effect on consumers, states Food and Agriculture Organization (FAO), in the report, The State of Food Insecurity in the World. According to FAO, chronic hunger is when a person does not regularly get enough food to...
More »The silver lining
-The Business Standard Contrary to earlier claims, farm growth may be robust The projection by the Commission for Agricultural Costs and Prices (CACP) of robust agricultural growth of above five per cent and a consequential handsome rise in Rural Incomes comes as a silver lining to India's otherwise gloomy economic scene. The CACP's reckoning, based on a rigorous mathematical model, virtually discounts the agriculture ministry's kharif crop output estimates (called first advance...
More »Roads and mobile phones have taken India's growth to Bharat-Neelkanth Mishra
-The Economic Times Sometimes, putting one and one together does make 11, but many of us seem hardwired in our thoughts to assume rural income growth is a zero-sum game. For example, some people believe subsidies have driven the 15-20 per cent a-year growth in rural wages over the last five years. They come up with "explanations", including "people are selling land and consuming", "rising minimum support prices", and "NREGA is...
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