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 peek into the Modi government's (likely) budget 2023 - CNES Infosphere
- Deepanshu Mohan, Soumya Marri, Bilquis Calcuttawala, Malhaar Kasodekar, Aniruddh Bhaskaran and Hemang Sharma A pre-budget deep dive by the Centre for New Economic Studies (CNES) Infosphere team has come up with some interesting takeaways. The analysis has looked at past macroeconomic and budget trends to set the tone for Budget 2023-24. They do this by looking at capital and revenue expenditure, sectoral analysis of budget expenditure and a scheme-wise allocation...
More »Climate change will likely exacerbate Indian rural household's debt burden
Editorial team, Carbon Copy Ongoing shifts in rainfall and temperature caused by climate change are likely to increase the debt burden faced by rural households, particularly of marginalised groups in dry areas, an editorial in Carbon Copy magazine said. The piece cited a study in the journal Climate Change that argues that changes in climate, along with existing socio-economic differences - caste and landholding in particular — will deepen the size...
More »'Revdi Culture' or Govt's Basic Responsibility? What Prioritising Welfare Is Really About -Deepanshu Mohan
-TheWire.in States like Delhi (despite its unique multi-party governance architecture), West Bengal, Kerala (or even Goa and Sikkim) perform better compared to UP when it comes to being measured for securing access to basic social, economic services. In a veiled attack against BJP’s political opponents, accusing them of promising ‘freebies’ (revdi) in exchange for electoral votes, Prime Minister Narendra Modi on Saturday cautioned people, especially the youth, against this “revdi culture”, saying...
More »Cost of living crisis hits poorest the hardest, warns UNCTAD
-UN News Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday. UNCTAD’s analysis shows that a 10 per cent increase in food prices will trigger a five per cent decrease in the incomes of the...
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