Economic Development
10 min read
224

Punjab Paddy Crisis 2024: Worst Procurement Delays in 25 Years Hit Farmers

November 6, 2024
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Gal lag ke seeri de jat rove, Bohlan bichon neer vagya, Le aa tangli, naseeban nu faroliye, Tudi vichon putt Jagya. (A farmer embraces a peasant, and cries, As sorrow flows through the grains. ‘Bring a rake, let’s sift through our fortune, In this heap of chaff, O son Jagya.’)

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Economic Development
8 min read
272

Why has the Indian Rupee Slumped to a Lifetime Low, Slipping Below the Level of 84 to the Dollar?

October 29, 2024
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In a recent tweet, a staunch supporter of the BJP government wrote about the Indian rupee’s strength versus the Turkish lira pointing to the lira’s staggering 92 per cent drop against the Indian rupee in 11 years. This, he believed, reflected significant economic instability in Turkey: the subtext of course,

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Economic Development
6 min read
232

Samsung Workers’ Strike Is a Milestone in Tamil Nadu’s Labour Movement in the Post-Liberalisation Era

October 28, 2024
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When the workers of the Samsung Electronics unit in Sriperumbudur, 40 km from Chennai, went on strike for better wages and improved conditions on September 9, little did they realise that their struggle would evolve into a watershed moment in Tamil Nadu’s labour movement in the post-liberalisation era. When it

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Economic Development
14 min read
186

Global Hunger Index: India’s Improved Ranking in 2024 Should Not Overlook the Lack of Critical Data on Nutrition

October 28, 2024
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One of the biggest ironies of present times is that a substantial number of people still go hungry, without the required calorie and nutrient intake, often because of income disparities and circumstances that are beyond their control. In an era when most nations have achieved food sufficiency barring those that

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Economic Development
6 min read
158

Modi government shuns populist Budget as focus stays on infrastructure

October 27, 2024
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Union Finance Minister Nirmala Sitharaman during a news conference in New Delhi on February 1. In her last Budget speech before the general election, Sitharaman said that the Central government will increase infrastructure spending by 11 per cent in the coming financial year and curb its fiscal deficit. | Photo Credit:

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Economic Development
14 min read
179

PTR writes: Has UP’s economy surpassed Tamil Nadu?

October 27, 2024
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A month ago, social media (LinkedIn and WhatsApp especially) were abuzz with an infographic which showed that Uttar Pradesh’s economy (as measured by Gross State Domestic Product, or GSDP), as a proportion of India’s economy (measured by Gross Domestic Product, or GDP) had overtaken that of Tamil Nadu—with Uttar Pradesh

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Economic Development
7 min read
134

Economic Perspectives | C.P. Chandrasekhar writes: Indians lining up for jobs in Israel exposes India’s unemployment problem

October 27, 2024
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Recruitment drives held over the last week of January, in Lucknow, Uttar Pradesh, and Rohtak, Haryana, for Indian workers to undertake construction and caregiver jobs in Israel have captured global attention. Thousands of job aspirants, who had either registered online or just walked in for interviews, were seen as vying

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Economic Development
5 min read
100

Data | Indian manufacturing sector on its way up post COVID-19: Annual Survey of Industries 2021-22

October 27, 2024
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Employment fell marginally in 2020-21 due to the pandemic but gained momentum in 2021-22 with 7 per cent year-on-year growth in the manufacturing sector, according to the Annual Survey of Industries (ASI). “In fact, the estimated number of persons engaged in this (manufacturing) sector in 2021-22 has exceeded the pre-pandemic level (that is 2018-19) by more

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Economic Development
11 min read
126

SUM AND SUBSTANCE | What broke Paytm?

October 27, 2024
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It was a picture of contrasts. At the Davos World Economic Forum in 2023, Paytm CEO and founder Vijay Shekhar Sharma was asked by the business channel CNBC TV18 about the mood in the “new-economy contingent” he was representing. VSS, as he is commonly known, was asked about the frequent

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Economic Development
10 min read
77

Karnataka Cabinet Goes to Delhi in Widening Feud over Funding

October 27, 2024
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The issue is whether Karnataka has been getting rightful share in the devolution of funds between the Union and States, not how it spends the fund. It was both dramatic and unprecedented. The entire Karnataka Cabinet and almost all the elected members of the Congress in the State, led by

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