Rebooting Economy 69: What do workers gain from growth and profits?
Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians
Prasanna Mohanty | February 21, 2021 | Updated 22:11 IST
India does not have any idea about 94% of its total workforce, which works in the informal sector
The First Advance Estimates of National Income 2020-21 , released on January 7, 2021, indicate that agriculture and allied activities is likely to be the only sector to register positive growth in FY21 (plus 3.4% in real GVA), while the overall growth tanks to all-time low (minus 7.2% in real GVA). The budget for FY22 and Economic Survey of 2020-21 project the FY22 growth to be 14.4-15.4% (nominal GDP).