India Current Affairs - 2020
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The World Bank-ILO report titled Exports to Jobs: Boosting the Gains from Trade in South Asia has been released. The report studies the effect on local employment and wages of changes in exports by combining disaggregated data from household-level or worker-level surveys with trade data from India and Sri Lanka.
Key Observations made in the Report
- Increasing exports together with leading to better jobs and higher wages in India will generate more formal sector employment for youth and women.
- Increasing exports would boost average wages and the biggest beneficiaries of this wage gain would be the high-skilled, urban, more experienced, and mainly male workers.
- For low-skilled workers, there would be an increase in formal jobs.
- Exports can improve the performance of local labour markets. Hence labour market policies must aid different groups of workers to acquire the right skills and ensure that the gains of increased exports are shared more broadly across society.
India and Boosting Exports
- India’s growth rate of 7.2 per cent in 2017 reduced the number of people living in poverty.
- Even then, most Indians doesn’t have regular jobs in the formal economy and differences in wages across regions and in the quality of employment opportunities prevail.
- India’s trade has been reduced from 55.8 per cent in 2012 to 41.1 per cent of the Gross Domestic Product between in 2017.
- Indian exports which are mainly capital intensive like chemicals and fabricated metals reduces the direct benefits to workers.
- The report notes that India can ensure that greater export orientation can boost workers’ gains from trade and spread them more widely, so benefiting disadvantaged groups.
The report also concludes that more exports can create benefits for workers by raising wages and reducing informality and this requires stronger policies to ensure these benefits reach everyone in the labour market and don’t leave any groups behind.
Tags: Exports • ILO • India • labour market • South Asia
The International Olympic Committee (IOC) has suspended all discussions with India regarding hosting of global sporting events in the backdrop of denial of visas to the two Pakistani Shooters. The Pakistani shooters were supposed to participate in the 25m rapid fire pistol event in the ISSF World Cup.
Contents of the IOC statement
- IOC notes that the Indian government authorities have failed to grant an entry visa for the Pakistani delegation to participate in the ISSF World Cup which was a qualification competition for the Tokyo Olympic Games to be held in 2020.
- Keeping in mind the interests of other 500 athletes from 61 countries participating in other events of ISSF World Cup, the IOC has withdrawn the recognition of the 25m rapid fire pistol event and not the whole World Cup.
- Denial of visa for Pakistani shooters is against the Fundamental Principles of the Olympic Charter.
- As a result, IOC Executive Board has decided to suspend all discussions with India regarding the potential applications for hosting future sports and Olympic-related events until clear written guarantees are obtained from the Indian government to ensure the entry of all participants in compliance with the rules of the Olympic Charter
The tensions due to Pulwama Terrorist Attack and the alleged role of Pakistan based groups behind the attack has deteriorated the bilateral relations. This is having a spillover effect on the arena of sports. There are also demands for withdrawing the Indian team from the match against Pakistan in the cricket world cup.
Tags: Cricket World Cup 2019 • India • International Olympics Committee • IOC • ISSF World Cup