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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Agriculture doesn’t get its due in budget - Kedar Vishnu, Ashish Andhale
Deccan Herald Many economists expected a massive allocation for the agricultural sector in the budget, especially after the repeal of three farm law bills. However, the agricultural sector allocation decreased drastically from Rs 1.33 lakh crore in the Union Budget 2022–23 to Rs 1.25 lakh crore in 2023–24. It received only 3.78 per cent of the total budget share in 2021–22; this was reduced to 3.36 per cent in 2022–23 and further...
More »How India’s rulers have dashed the hopes of its younger citizens -Santosh Mehrotra
-Scroll.in Increasing unemployment is a major cause for concern. Politicians constantly talk about India being a young country, since two-thirds of the population is under 35 years of age and half of it below 26. Some economists consider this an automatic boon for the economy, since there is a limitless number of workers who could contribute to India’s productive capacity. Finance and investment giant Morgan Stanley, in a report released in November, identified...
More »Rural distress increased sharply as farm wages fell - Santosh Mehrotra
- Deccan Herald Covid-19 reverse migration of labour added to joblessness A rise in self-employment and unpaid family labour three years into the Covid-19 pandemic even as wage rates fell is an indication that rural distress has risen, the economist Santosh Mehrotra writes. Economic distress was on an upward trajectory even before the Pandemic and the sudden arrival of millions of reverse migrants in 2020 added to the stock of unemployed people...
More »New drought monitoring tool gives hope of better preparation, mitigation at farmer level -Shagun
-Down to Earth State-level workshops will be conducted to help users interpret data from the system A new satellite-based drought-monitoring tool will be able to indicate the presence of drought and its level of severity, providing authorities the maximum possible lead time to put mitigation strategies into place in India and across South Asia. In India, the South Asia Drought Monitoring System (SADMS) was developed by the International Water Management Institute (IWMI) and...
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