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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Real Wages Declined for Rural Indians in 2022, a Year When the Economy Somewhat Recovered
The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Dipa Sinha, economics professor at Ambedkar University and lead campaigner with the Right to Food Campaign, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Dipa Sinha, economist and lead campaigner with the Right to Food Campaign, explains the myriad reasons for India faring worse on crucial hunger indicators and the way out. Economist Dipa Sinha, who teaches at the School of Liberal Studies at Ambedkar University, is actively involved with the Right to Food Campaign. In an interview with Newsclick, she explains why hunger is not an isolated concern but the result of a confluence...
More »Lack of Political Will, Not Grains, Is Why We Do Not Have Universal PDS -Shambhavi Sharma and Sourya Majumder
-TheWire.in Can the Union government exercise its sovereignty in extending food subsidies to states during a historic crisis despite an enlarged fiscal deficit? Some states have started responding to the Supreme Court’s directions on ensuring food security, cash transfers and transportation for migrant workers. It is time the Union government steps up. In a suo moto hearing on May 13, the Supreme Court observed that migrant workers have once again been left in...
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