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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What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Abhijit Sen, Leading Economist of Indian Agriculture, Passes Away
-TheWire.in Apart from teaching at JNU, he was a member of the Planning Commission from 2004-2014 and headed the Commission on Agricultural Costs and Prices, 1997-2000. New Delhi: Professor Abhijit Sen, a leading expert on the rural economy and a former member of the Planning Commission, died here on Monday night after a brief illness. He was 72 years old. In an academic career spanning over four decades, Sen taught economics at Sussex,...
More »A New Paradign for Indian Agriculture: From Agroindustry to Agroecology (2022) -Neelam Patel, Bruno Dorin, and Ranveer Nagaich
-NITI Aayog Working Paper, ISBN: 978-81-953811-7-3 Abstract - The importance of agriculture in an economy usually declines as it climbs the development ladder. Raising agriculture productivity has been known to be an important precursor. Labour productivity in agriculture can either be increased by higher land productivity or higher land availability per farmer and mechanisation. In India, however, the dramatic increase in land productivity through industrial farming has caused severe environmental damage and...
More »Civil society members are unhappy with the abysmal rise in notified wage rates for MGNREGA in FY 2022-23
-Joint Press Note released by NREGA Sangharsh Morcha network and People’s Action for Employment Guarantee (PAEG) dated March 31, 2022 The wage rates for NREGA workers for FY 2022-23 were notied on 28.03.2022. The notication of the wage rate has been extremely late, with only 3 days remaining for the beginning of the next nancial year. Such a delay prevents any discussion or debate regarding the wage rates or their adequacy....
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