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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How well did the women workers fare during the pandemic years? The yearly PLFS reports provide some mixed answers.
Do you want a job that does not pay you at all? The answer will be surely 'no' for most of us. And yet, in our previous analysis, it was found that the proportion of 'helpers in Household Enterprises' among the total number of workers grew over various rounds of annual PLFS (Periodic Labour Force Survey), from 13.3 percent to 15.9 percent between PLFS 2018-19 and PLFS 2019-20, and then...
More »Quality of work matters, and not just job creation
Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India. Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »India’s ‘salaried class’ shrank during Covid, Muslims hit hardest, govt data suggests -Nikhil Rampal
-ThePrint.in India’s salaried class shrank by 2.7 percentage points during pandemic, govt’s Periodic Labour Force Survey (PLFS) shows. But data for religious minorities, women is even bleaker. New Delhi: There’s much to lament in India’s post-Covid job market, where recovery has been painfully slow. However, government data suggests that when it comes to the salaried sector, the participation of religious minorities — Muslims, Sikhs, and Christians, in that order — has been...
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