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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...

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Oct-Dec Quarter GDP slows to 4.4% as manufacturing shrinks - Tanya Krishna

Financial Express India's gross domestic product in the October-December, 2022 quarter is estimated to have grown at 4.4 percent year-on-year, slowing down from the previous two quarters, and a tad slower than expected, mainly as manufacturing activity took a hit, and favourable base faded away, government data showed on Tuesday. India’s GDP at constant prices in Q3 of FY 2022-23 is estimated at Rs 40.19 lakh crore, the Ministry of Statistics...

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India's farm sector performance has improved over the years, shows latest FAO report

The World Food and Agriculture – Statistical Yearbook 2022, released in December 2022, provides its readers a plethora of useful statistics and data across the countries pertaining to agriculture and food security. The yearbook by Food and Agriculture Organization (FAO) primarily covers four themes -- Economic Dimensions of Agriculture; Production, Trade and Prices of Commodities; Food Security and Nutrition; and Sustainability and Environmental Aspects of Agriculture.  While going through the report,...

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The worrying trade gap with China -CP Chandrasekhar and Jayati Ghosh

-The Hindu Business Line Policy deficit. The widening trade deficit with China points to a weakness in India’s industrial growth path It was headline news when Chinese customs statistics at the end of September 2022 indicated that for a second calendar year, India’s trade with China would settle at well above $100 billion. That was only partly because of the positive implications of burgeoning trade between the two countries that only two...

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Number theory: Knots in India-China trade data -Surendar Singh and Ram Singh

-The Hindu Business Line Under-invoicing of imports is just one part of the story. Data asymmetries have many other factors. The trade data mismatch of India and China has attracted wide coverage from both electronic and print media. This mismatch is attributed to ‘under-invoicing’ by Indian importers for the imports originating from China. There is mismatch of $12 billion with China reporting its exports to India over $103 billion. Indian agencies, on the...

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