An extensive data on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel data has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are different[Read More…]
Tag: Growth
Fika, the sweet knot that weaves the society
Would one ever believe that a word which probably means tasteless in Hindi could actually be the sweetest of the activities, a must for the success of a team, a society and more so a nation? Fika is Swedish for coffee breaks meant for socialising, often accompanied with sumptuous sweets.[Read More…]
India to be home to 10,500 start-ups by 2020: NASSCOM
A report by NASSCOM-ZINNOV, titled as “Indian Startup Ecosystem Maturing – 2016” says that India will be home to 10,500 start-ups by 2020. India has emerged as the third largest start-up base just behind US and UK, and nearly 1,400 new start-ups are expected by end of 2016, up by[Read More…]
38% children in India under the age of 5 have stunted growth: Hunger Index
According to the 2016 Global Hunger Index (GHI), 38% of Indian children under the age of 5 have stunted growth due to non-availability of food. India was ranked 97 among 118 countries, worse than its neighbours China (29), Nepal (72), Myanmar (75), Sri Lanka (84) and Bangladesh (90). Only Pakistan[Read More…]
Joblessness in India at 5-year high: Labour Bureau survey
According to a new employment-unemployment (EU) survey conducted by the Labour Bureau, over a third of working people are employed for less than a year and 68% of households are earning up to only ₹10,000 per month. The survey says that joblessness in India is running at a five-year high[Read More…]