In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
More »SEARCH RESULT
Total Matching Records found : 249
Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Global recession increasingly likely as cost of living soars: WEF survey
-PTI/ The Hindu Business Line The survey showed that food security could be at risk over the next three years A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday, citing a survey of chief economists from across the world. According to the WEF Chief Economists Outlook report, real wages are expected to continue falling across the world...
More »Trends in Economic Inequality in India -Maitreesh Ghatak, Ramya Raghavan and Linchuan Xu
-The India Forum There has been an increase in economic inequality in India over the past few decades, with the rich-poor gaps among the largest of several peer economies. Household surveys show that alongside the slowdown of growth in recent years, there appears to have been some decrease in inequality. 1. Introduction Popular discussions on inequality in India receive periodic attention with the annual publication of reports by the World Inequalities Database (WID),...
More »Reconceptualising Women’s Work in the the National Sample Survey -Santosh Mehrotra
-The India Forum A good approach to build a new framework for measuring women’s work better is for the National Statistical Office to accept the definitions and categories recommended in 2013 by the 19th International Conference of Labour Statisticians. The female labour force participation rate of women (LFPR) in India is one of the lowest in the world, and falling. It is even lower than that in neighbouring countries. The reasons for...
More »
