Only reasonable income jobs can help curb inequality in India, says Narayana Murthy
5 years ago

Only reasonable income jobs can help curb inequality in India, says Narayana Murthy

Firstpost  

Mumbai: The country needs to focus on creating jobs that give a reasonable income to tackle the issue of inequality, Infosys co-founder and chairman emeritus NR Narayana Murthy said on Sunday. “The only way you can reduce inequality in a country like India is through the creation of jobs, and creation of jobs with a reasonable income,” Murthy said while addressing a techfest organised by IIT Bombay through a video conferencing. “In other words, if the per capita income of an Indian is $2,000, those working in agriculture it is hardly $500 per year because these 58 percent people contribute only 14 percent of the GDP,” the IT industry veteran said. The only way you can improve is by moving people from agriculture to low-tech services and manufacturing, where, hopefully, we should be able to get them somewhere around $1,500 to 2,000 per year,” Murthy said.

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History of this topic

Why Narayana Murthy believes Indians should work 70 hours a week
4 weeks, 2 days ago

Why Narayana Murthy believes Indians should work 70 hours a week

India Today  

Infosys co-founder Narayana Murthy defended his stance on the 70-hour workweek, highlighting that young people must recognise the importance of hard work to help India achieve the top global position. At the Indian Chamber of Commerce's centenary celebration in Kolkata, Narayana Murthy urged the youth to work hard to elevate India's global standing. According to Narayana Murthy, combating poverty requires …

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?
9 months, 2 weeks ago

Patralekha Chatterjee | Why isn’t rising inequality turning into a poll issue?

Deccan Chronicle  

The view from the penthouse and the pavement is staggeringly different. By 2022-23, the top one per cent income and wealth shares are at their highest historical levels; India’s top one per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the United States, notes the paper, titled “Income and Wealth …

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy
2 years, 3 months ago

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy

Deccan Chronicle  

BENGALURU: Endorsing the views expressed by organising secretary of Rashtriya Swayamsevak Sangh Dattareya Hosabale that economic inequality, poverty and unemployment are dangerous for the country, Janata Dal Secular leader and former Chief Minister H.D. Kumaraswamy on Monday said economic inequality in the country is a black dot when the country is celebrating its Amrit Mahotsav of country’s Independence. “People’s frustration …

Rising Poverty, Income Inequality: RSS Leader Hosabale Flags 'Demon-like Challenges' Ailing Country
2 years, 3 months ago

Rising Poverty, Income Inequality: RSS Leader Hosabale Flags 'Demon-like Challenges' Ailing Country

News 18  

Rashtriya Swayamsevak Sangh general secretary Dattatreya Hosabale on Sunday expressed concern over alleged rising income inequality and unemployment in the country, asserting that poverty is posing as a “demon-like challenge in front of us.” Hosabale, however, said several steps have been taken in the last few years to address this challenge. Besides poverty, “inequality and unemployment are other two challenges …

Oxfam shows a mirror to Indian economy: What is making country's rich-poor divide widen so rapidly?
5 years, 11 months ago

Oxfam shows a mirror to Indian economy: What is making country's rich-poor divide widen so rapidly?

Firstpost  

The income inequality has been increasing for the last one and half decade even more sharply, to be specific since 2004-05 In India, like elsewhere in the globe, the poor have become even poorer in the last year and the rich got even richer, said the latest round of annual study by Oxfam, an international group focusing on data relating …

India's landless poor: Post-liberalisation era brought in wealth to a stressed economy but did little to end rural poverty
6 years, 3 months ago

India's landless poor: Post-liberalisation era brought in wealth to a stressed economy but did little to end rural poverty

Firstpost  

Land reform was a major policy thrust area in the first three decades after Independence during which zamindari was abolished, a land ceiling was imposed and surplus and wasteland were distributed among the landless. In June 2016, three top economists of the International Monetary Fund — proponent of the neo-liberal economic policy — created a brouhaha among the economists world …

Why reports of agriculture’s demise are greatly exaggerated
6 years, 4 months ago

Why reports of agriculture’s demise are greatly exaggerated

Live Mint  

Bengaluru/New Delhi: Farmers may be looking for alternative avenues of income, but it is too soon to write off the significance of agriculture in rural India, data from the recently released Nabard All India Rural Financial Inclusion Survey shows. An initial reading of the survey findings seems to suggest that earnings from farm-related activities—cultivation and livestock rearing—contributed just 43% to …

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