KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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A reality check -Renu Kohli
-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
More »Through a rosy lens -Anup Sinha
-The Telegraph The airbrushing of the Indian economy is damaging The latest Monthly Economic Review from the ministry of finance gives the reader a great deal of comfort by indicating that all is well with the Indian economy. If there is any cause for concern at all, it is from external economic and political shocks: events like the Federal Reserve in the United States of America raising interest rates, or Russia invading...
More »Kinnaur landslides: Will the fragile district survive misguided ‘green energy’ projects? -Dimple Behal
-Down to Earth blog The ecology of Himachal Pradesh’s hydropower hub is too fragile for such projects “Twenty-five years ago, people could be excused for not knowing much, or doing much about climate change. Today, we have no excuses,” Desmond Tutu, South African theologian, had said. The recent landslides in Himachal Pradesh's Kinnaur district brought back focus on how 40 per cent of the state is geologically ‘highly sensitive’, according to a report...
More »Much of India’s population expected to be vaccinated by 2022-23, says ADB -Vikas Dhoot
-The Hindu The Indian government has assured COVID-19 vaccines will be provided for all by December 2021. The Asian Development Bank (ADB) has downgraded its India growth forecast for this year to 10% on Tuesday, from 11% projected in April, citing the second wave restrictions across States and expects most of India’s population to be vaccinated by 2022-23. The Indian government has assured COVID-19 vaccines will be provided for all by December 2021,...
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