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Poverty and inequality

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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Charting the economic journey ahead -C Rangarajan

-The Hindu India has no choice but to grow fast, given the present level of per capita income The big question before India is where its economy will be 25 years from now. By 2047, India will complete 100 years after Independence. By that time, will India achieve the status of a developed economy, which means achieving a minimum per capita income equivalent to $13,000? We also need to know what the...

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Pioneering thoughts -Ramachandra Guha

-The Telegraph Radhakamal Mukerjee: an ecological pioneer In 1922, a professor at Lucknow University named Radhakamal Mukerjee published a book called Principles of Comparative Economics. Reading the book one hundred years later, I was struck by the attention it paid to the impact of the natural environment on the social and economic life of Indian villages. Mukerjee was perhaps the first Indian scholar to recognise the vital importance of common property resources...

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Understanding the Durga Puja economy -Atanu Biswas

-The Hindu Brisker Puja sales may not implicate a better economic climate in West Bengal There is added enthusiasm in the celebration of Kolkata’s Durga Puja after its inclusion as the 14th entry from India in UNESCO’s ‘Representative List of Intangible Cultural Heritage of Humanity’ last December. But like most major festivals, Durga Puja is not just a cultural extravaganza; it is an economic lifeline for West Bengal. But do we have reasons...

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Is investing in canal irrigation a bad idea? -A Narayanamoorthy

-The Hindu Business Line Lack of data and monitoring on cropping patterns and water use has given irrigation schemes a bad name Long before the British Raj, India was a pioneer in canal irrigation by building dams across rivers. After Independence, considering the importance of canal irrigation, the Central and State governments have been giving increased thrust to its development. Today, India is one of the countries with the largest number of...

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