India’s agrarian economy hinges on the Minimum Support Price (MSP), a policy designed to shield farmers from the unpredictability of market forces. According to the National Sample Survey Office (NSSO), more than 50 per cent of Indian farmers are in debt, with a significant portion struggling to recover even their basic input costs.
Data from the National Sample Survey Survey (NSSO) said the unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the October-December quarter.
For quite some time, poverty in developing nations was measured in terms of the proportion of people who couldn’t spend even one dollar in a day.
The government must strive for a golden mean in recasting Indias labour laws, argues Sukanya Singha.
Besides the above structural inadequacies with respect to the agricultural and manufacturing sectors of the Indian economy, the decision to go in for demonetisation and faulty implementation of GST in recent times has had a serious impact on growth in India.
Minister thrashed the IMF and NSSO claims over the economic slowdown in the country.
Earlier in February, the National Sample Survey Office’s (NSSO’s) periodic labour force survey (PLFS) had stated that India’s unemployment rate hit a 45-year high of 6.1 per cent in 2017.
According to the NSSO's PLFS, the country's unemployment rate was reportedly at a 45-year-high of 6.1 per cent in 2017-18.
NITI Aayog CEO Amitabh Kant said India is creating an adequate number of jobs for new entrants, but 'probably not high-quality jobs'.
The Minimum Support Price can have a impact on the country’s economy. A steep hike in MSP (more than the…
