ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

EconomySubscribe to Economy

Export-induced Loss in Employment and Earnings during the First Year of the COVID-19 Pandemic

The COVID-19 pandemic has been an unprecedented exogenous shock in the world economy unlike the global financial crisis in 2008, which was endogenously determined in the structure of capitalist financial market. Given the fact that Indian export sector significantly contributes to the Indian economy in general and employment in particular, it is worth examining how the Indian gross domestic product and exports changed in comparison with the world GDP and world exports respectively, in the first year of the COVID-19 pandemic in 2020–21 vis-à-vis the GFC in 2008. Which industries are affected the most, in terms of export loss, during this COVID-19 crisis? What have been the consequences of these falling export on employment and earnings in the Indian export sector? This study estimates that in the COVID-19 year 2020–21, Indian exports have fallen by `3.74 lakh crore, with a plausible loss of direct employment by 5.06 lakh and an estimated loss of earnings around `12.4 thousand crore across 85 commodities.

Analysing Core Indicators of Decent Work for the Indian Fisheries Sector

The International Labour Organization included the concept of decent work in the Sustainable Development Goals to address concerns about workplace conditions, especially in developing countries. Among the different sectors of any developing economy, agriculture and allied activities have lagged the most in terms of decent work. This paper examines decent work in the fisheries sector in India. Using the National Sample Survey Office data from the Employment and Unemployment Survey of India, the paper arrives at a multidimensional decent work index. The paper finds that labourers belonging to the richer states rank lower in terms of decent work compared to the relatively poorer states, indicating higher inequality in the former regions. It also finds that per capita incomes are well below the poverty line for more than 40% of workers in fisheries.

Finding Economics in Small Things

The Economics of Small Things by Sudipta Sarangi, Penguin Random House India, 2020; pp 296, ₹ 225 .

The Pandemic and Its Discontents in India

India and the Pandemic: The First Year, Essays from The India Forum by The India Forum, 2021; Hyderabad: Orient Blackswan; pp xvii + 335, ` 695.

Burgeoning Edible Oil Imports and Price Shock(s)

The ever-increasing import bill of edible oil has become a chronic problem for India with edible oil being the third largest among imported goods in India, next only to crude oil and gold. There are structural issues in production, productivity, and trade of edible oils. These energy-rich crops are grown in energy-starved conditions where more than 70% of the area under cultivation is rain-fed and often cultivated with low-quality seeds in a fragmented landholding and outdated agri-management practices. It further studies the trade liberalisation measures of a liberal trade policy regime, lower import duties, duty-exemptions under free trade agreements, and changes that India has witnessed in consumption as well as retail of edible oil.

Agrarian Structure of Punjab in the Post-green Revolution Era

While Punjab is endowed with population bonus from a macro perspective, the dividend viewed at a household level has placed Punjab farmers in two major difficulties: the shrinkage of farm size and the underutilisation of the dividend. Due to a dearth of decent non-farm job opportunities, Punjab farmers have struggled to pursue distress-coping strategies. This paper focuses on three primary strategies for survival: land leases, overseas migration, and obtaining informal domestic jobs outside the agricultural sector, based on our unique data of 956 landholders and 254 landless households across Punjab.

The Need to Overhaul Wasteland Classification Systems in India

The term “wastelands” originates from land governance systems in the colonial period, and it has been criticised in academia and conservation for being ecologically flawed. Although wastelands have been redefined in the post-independence period, there has been little change in the assumption that they were unproductive, degraded, and in need of external intervention for improvement. The eradication of the term “waste” and a thorough revision of the wastelands atlas, which can then meaningfully address national and global targets of sustainable development, are argued for here. This article weaves together historical contexts around wastelands and proposes a new approach for their mapping.

Reconciling Blockchain and Data Protection Regimes

The emergence and spread of blockchain technology will have a profound effect on the working of the economy and society. The focus of this article is on how the spread of the blockchain technology has rendered redundant the various provisions of the Personal Data Protection Bill, 2019.

Cryptocurrency: Confusing Signals

Can cryptocurrencies emerge as a competition to national currencies?

Making Data Count

The Uncounted by Alex Cobham, Cambridge, UK: Polity Press, 2020; pp 227, price not mentioned.

National Lockdown and COVID-19 Containment in India

What impact the 2020 COVID-19 lockdown has had on the spread of the virus in Class 1 cities of India is discussed using an interrupted time series model. Four variants of the susceptible–infected–recovered models are used to develop a counterfactual, which are compared with actual data. The analysis reveals that the lockdown has reduced the number of COVID-19 cases by 23.65 million–33.77 million and averted approximately 0.001 million–0.010 million deaths. At the regional level, it has prevented a major health crisis as existing intensive care unit and ventilator facilities for critically ill patients would have been inadequate.

An Assessment of Mandatory Corporate Social Responsibility Expenditure

The response of firms towards the corporate social responsibility guidelines and its impact on the funding of Sustainable Development Goals is investigated.


Back to Top