Food Production in India: India has made notable progress in food production over the years. In 2020, India produced over 300 million tonnes of cereals. These record harvests over the last few years can be attributed to several enabling policies in the realm of land reforms, public investments, institutional infrastructure, new regulatory systems, intervention in …
World Inequality Report 2022: World Inequality report 2022 has been released. The report is authored by Lucas Chancel, co-director of the World Inequality Lab and coordinated by famed French economist Thomas Piketty among others. Key findings of the World Inequality Report 2022 related to India: National Income: In India, the top 10% and top 1% hold respectively …
Inequality in India : World Inequality Report 2022 – UPSC GS2 Read More »
Economic Dualism in India: Dualism indicates co-existence of two different worlds. Economic dualism therefore denotes existence of disparities in economic sphere. In India’s case it denotes the disparities between, Urban vs rural, formal vs informal, land (and other assets)-owning vs landless. employed vs jobless, well-educated vs ill-educated, and rich vs poor states. What are the possible reasons …
Why India’s Economic growth is not inclusive? Rising hunger, according to the Global Hunger Index 2020 India ranks 94th amongst 107 countries. Unhappiness: Indian citizens are amongst the least happy in the world. According to the World Happiness Report of the UN Sustainable Development Solutions Network, India ranks 144th amongst 153 countries. Rising Poverty: Pandemic has increased the inequality gap further by pushing many poor …
Urban and Rural Disparity: Macroeconomic Indicators are showing an improvement, but rural India shows a different reality. Pandemic has only heightened the problems faced by people of hinterland. This is a direct consequence of the inadequate safety net amid pandemic-induced joblessness and pitifully low wages. This can lead to a vicious cycle: low demand leading to lower wages, which, in turn, leads …
Increased Poverty and Hunger in Rural India – UPSC GS2 Read More »
Context: Rising unemployment and consequent poverty in India. Facts: As per CMIE data: 5.46 million Indians lost jobs in October 2021. The youth unemployment rate was 22.26% in 2021 compared to 15.66% in 2016–17. There are about 20 million Indians entering the job market annually. But in August 2021, around 33% of all employable youths were …
Impact of COVID on the economy World Economic outlook: All of the world countries excluding China experienced economic contraction last year. Global GDP shrunk by 3.3% and Indian GDP shrunk by 8%. A similar impact can be seen on the unemployment rate Centre for Monitoring India’s Economy estimates that the unemployment rate in India peaked …
Context: During the 2000’s there was decline in poverty as was indicated by the Government data. However, now multiple data point to a rise in poverty and unemployment. What is the Periodic Labour Force Survey? The PLFS is an annual survey conducted by the National Statistical Office (NSO). It was started in 2017, and it essentially maps …
Rise in Poverty as per Labour Force Survey – UPSC GS2 Read More »
India @ Independence: India started its journey as a new born nation with deep wounds of Partition. Independent India’s population was roughly 340 million, with more than 70 percent are extremely poor, and only 12 percent are literate. Winston Churchill had famously warned: “If Independence is granted to India, power will go to the hands …
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What is Universal Social Welfare / Social Security? According to the International Labour Organisation, Social security is the protection that society provides to individuals and households. This ensures access to health care and guarantees income security; particularly in cases of old age, unemployment, sickness, invalidity, etc. Giving such protection to every individual in the country …