Income distribution has evolved over time, with the bottom 60% of India’s population witnessing an increase in their income share from 27% in 2004-05 to 32% in 2015-16, signalling better economic inclusion. However, this progress was disrupted during the pandemic, with their share dropping to 23% in 2020-21 before recovering to 31% in 2022-23. The…
India’s labour abundance, especially for low-paid jobs, has long been taken for granted. It explains why worries being aired over a scarcity make us sit up and take notice. Recently, S.N. Subrahmanyan, the chief of a company that hires hard-hat workers in hundreds of thousands for construction projects, Larsen & Toubro, spoke of reluctance among…
That the Indian economy is going through a difficult phase is no longer a matter of speculation. The Economic Survey not only made that clear, but went further by offering evidence of a decline in earnings of the self-employed in the last six years. For regular and casual workers, wages have been declining for almost…
Well, that’s one way to look at it. Another is via the hiring rate, which is sending a signal that suggests a reversal of recent fortunes for the American worker. That measure has been falling, dropping to 3.3% in November, a level that signals a labour market in recession. Yes, recession. Aside from a single…
Weakness in private consumption is at the forefront of India’s growth slowdown. As the Union Budget 2025 approaches, the wish list of measures to boost consumer demand is growing, but the need to lower the fiscal deficit ratio remains pressing. A deep fiscal stimulus is unlikely, but a carefully-crafted one that boosts demand, tackles inflation,…
He brought up the issue with the company’s human resources (HR) department while discussing the possibility of a promotion. He noticed that while a substantial chunk of the company’s employees were from across the globe, there was little diversity at the top. The HR team refused to explain—instead, he was asked to go. “They handed…
New Delhi: Tablets are poised for record sales in 2024 in India as demand rebounds after a year of steep contraction. Parents buying affordable computing devices for children, large-scale orders from state governments and the return of procurement by the edtech sector are driving demand in 2024, according to industry stakeholders and analysts. Sales of…
