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India expected to increase public spending in post-pandemic budget

India expected to increase public spending in post-pandemic budget
laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.

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Report paints bleak job picture - Telegraph India

It advocates multi-year public investment packages that would contribute to lifting the growth expectations ....

Santosh Mehrotra , Centre For Monitoring Indian Economy , Parliament On , Economic Survey , Monitoring Indian Economy , Pradhan Mantri Kaushal Vikas Yojana , சந்தோஷ் மெஹ்ரோத்ரா , மையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம் , பாராளுமன்றம் ஆன் , பொருளாதார கணக்கெடுப்பு , கண்காணிப்பு இந்தியன் பொருளாதாரம் , ப்ர்யாட்ஹந் மந்திரி கௌஷள் விகாஸ் யோஜனா ,

High inflation and Covid-19 are forcing the poor in India to dip deeper into their savings

High inflation and Covid-19 are forcing the poor in India to dip deeper into their savings
Economists warn that rising prices may hamper future economic recovery because households would have no money to spend.
Punit Paranjpe/AFP
Gaurav Kumar Sharma is a heartbroken man. After the lockdown upended his livelihood for more than two months, he was relieved when things slowly returned to normal: shops and markets reopened, and people began stepping out of their homes. But as food inflation spiked due to supply chain disruptions caused by the lockdown, Sharma, 43, who drives an autorickshaw in New Delhi, said that all his hope has turned into gloom. ....

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India's Poor Are Eating Into Their Savings, Thanks To High Inflation & COVID-19

India's Poor Are Eating Into Their Savings, Thanks To High Inflation & COVID-19
indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.

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Job affliction preceded Covid

Joblessness among urban youths was over 19 per cent or nearly three times the 2012 level even before Covid-19 hit India, official survey reports have shown.
The findings buttress the view that the Narendra Modi government’s economic decisions, including the 2016 demonetisation, had led to widespread unemployment.
Labour economist Santosh Mehrotra said the situation would be much worse now, after the lockdown.
He warned that the job scene would further deteriorate for educated youths in the next 10 years because of poor employment creation in a stressed economy where the entry of new job seekers was accelerating.
According to a paper published last year by Mehrotra and researcher Jajati Parida, titled “India’s Employment Crisis: Rising Education Levels and Falling non-Agricultural Job Growth”, the unemployment rate among youths (aged 15 to 29) was 6.1 per cent in 2012. ....

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