Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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What Vahan data tells us about India’s economic recovery -howindialives
-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...
More »Lakhs of people affected by floods in Odisha, Madhya Pradesha and Gujarat -Satyasundar Barik
-The Hindu 17 dead in Odisha; 454 villages cut off in Madhya Pradesh BHUBANESWAR: Over 14 lakh people were affected due to floods in five river systems of Odisha, said the State government here on Sunday. Seventeen people have lost their lives due to wall collapse and by slipping into swollen rivers. “Heavy rain triggered by back-to-back low pressure area over Bay of Bengal had caused flooding in 20 districts. The situation is...
More »The Wilful Destruction By The Himalaya Must Stop -Ramachandra Guha
-NDTV The Himalaya are India's most important natural asset. Without them, the country would not survive. These grand mountains are a barrier to invaders, the source of our greatest rivers, a rich reservoir of biodiversity, and home to our holiest shrines. Ecologically, economically, culturally, and strategically, the Himalaya are vital to the future of India as a nation. The politicians who now rule us claim to revere the Himalaya, yet, under their...
More »Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers
ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...
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