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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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 »Gig workers: Long hours, little pay, scant security -Basant Kumar Mohanty
-The Telegraph Delivery team, beauticians’ lives ruled by phone calls and sprints to customers New Delhi: The company Pinki Saini began working for in 2018 did not pay her. Instead, she paid the company for letting her work for it. When she started the job as a beautician with Urbanclap — now known as Urban Company — Pinki says she had to pay the firm a “joining fee” of Rs 4,000. She also...
More »India’s Urban Infrastructure Needs to Cross $840 Billion Over Next 15 Years: New World Bank Report -
-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...
More »Perils of the Gig Economy -Asiya Islam and Damni Kain
-TheIndiaForum.in The uncritical tone of the NITI Aayog’s recent report on the gig economy in India and its belief that platformisation will create an inclusive working environment is, at best, credulous, and, at worst, a deliberate attempt to ignore the erosion of workers’ rights, security, and welfare. In August 2022, more than a hundred workers in Bengaluru working for online food ordering and delivery platform Swiggy went on strike. Echoing central trade...
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