-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...
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Manufacturing PMI rises for third straight month; output rises at quickest pace since Oct. 2007
-PTI/ The Hindu Inflationary pressures, meanwhile, remained subdued as seen by a modest increase in input costs and only marginal rise in selling prices. India’s manufacturing sector activity improved for the third straight month in October with companies raising output to the greatest extent in 13 years amid robust sales Growth, a monthly survey said on Monday. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in...
More »Credit Suisse report: ‘Despite Covid, wealth of Indian adults rises marginally in 6 months’
-The Indian Express Over the first half of 2020, while average wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see Growth of about 9 per cent. The average wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some...
More »Dr Shailaja Fennell, PhD supervisor at the Centre of Development Studies and the Department of Land Economy, interviewed by Durganand Balsavar (The Hindu)
-The Hindu New research at University of Cambridge focuses on rural knowledge systems and sustainable practices to safeguard the ecosystem An academic with research interests in food production, rural development and gender equality in development interventions, Shailaja Fennell has worked on several international projects to promote sustainability and build resilience. She supervises M.Phil students at the Centre of Development Studies – University of Cambridge, and Ph.D students at the Centre of Development...
More »Nitish’s claims and Bihar’s reality -MV Rajeev Gowda and Akash Satyawali
-The Hindu The Chief Minister says he has delivered good governance and prosperity, but data show otherwise As Bihar goes to the polls, it is important to scrutinise Chief Minister Nitish Kumar’s repeated claims about delivering ‘sushasan’ (good governance) and ‘taraqqi’ (prosperity). Does the reality justify these claims? Or are these boasts similar to the ‘Gujarat Model’, merely effective as propaganda? Poor on many indicators Bihar’s economy has performed poorly under the Janata Dal...
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