Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
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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...
More »Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
More »Women’s Work and Wages Continue at Abysmal Levels - Subodh Varma
Newsclick.in The share of women who are earning through work continues to remain shockingly low in India according to the latest data from the annual Periodic Labour Force Survey (PLFS) 2021-22 released last month. The report, compiled by the National Sample Survey Office (NSSO) under the ministry of statistics, also provides a glimpse of the unconscionable gap between the earnings of men and women. In rural areas, about 57% of men are...
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...
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