Best Movies Of 2023

BEST MOVIES OF 2023

1. ಟೋಬಿ (Toby)
2. Sam Bahadur
3. Woman King
4. Killers Of Flower Moon
5. Oppenheimer
6. Haunting In Venice
7. Fabelmans
8. Golda
9. Dumb Money
10. Mission Impossible: Dead Reckoning

2023 People Of The Year: India's Women Wrestlers

# For fighting against sexual harassment and speaking up for countless girls and women

# For reminding us that right vs wrong is more important than politics and ideology
# For fighting against the abuse of power and keeping our democracy alive
# For waking up our conscience and reminding us of our duty
# For showing us the true meaning of heroism

India's women wrestlers are 2023's People Of The Year . . .

Raghuram Rajan: 'Breaking The Mould: Reimagining India's Economic Future'

Dr Raghuram Rajan visited the Reserve Bank of India's economics research institute (IGIDR, Bombay) yesterday and talked about his new book Breaking The Mould: Reimagining India's Economic Future.

The historical process of development/modernisation has been from agriculture to manufacturing to services. That is how Europe, America and East Asia have developed. But India missed the manufacturing stage - and the consensus opinion is that we must correct this mistake. The current government is trying to do this [example: the Production Linked Incentives (PLI) scheme].

Dr Raghuram Rajan challenges this conventional wisdom, arguing that we are trying to play the 20th century game - instead of playing the 21st century game. He argues that manufacturing is a thing of the past and that the future lies in services. And to win this 21st century services game, we have to fundamentally reform our systems - most importantly our education system.

One may or may not agree with everything that Dr Raghuram Rajan says - but he is definitely a very intelligent, knowledgeable and thought-provoking economist . . .

India's Jobs: Jul-Sep 2023

The Periodic Labour Force Survey's (PLFS) report for Jul-Sep 2023 was released a few days ago (for cities). If we compare it with the Jul-Sep 2022 report, we can see how India's jobs scenario has performed over the last one year:

# The good news is that the Worker Population Ratio (WPR) has increased, by 1.3% points - from 34.9% to 36.2%.

# The first bad news is in Graph 1 - the % of workers in the 3 sectors (agriculture, industry, services). The % of workers in agriculture has increased - by 0.4% points (from 5.7% to 6.1%). And the % of workers in industry has decreased - by 1% point (from 33.4% to 32.4%). So effectively workers have moved out of industry into agriculture.

# The second bad news is in Graph 2 - the % of workers by type of employment (regular wage/salary, self employed, casual labour). The % of regular wage/salary workers has decreased - by 0.4% points (from 48.7% to 48.3%). And the % of self-employed workers has increased - by 0.7% points (from 39.7% to 40.4%). So effectively workers have moved out of regular wage/salary jobs into self-employment.

It is not enough to simply create jobs. We must create good jobs - ie:

1. Jobs in industry + services (vs agriculture)

2. Regular wage/salary jobs (vs self-employment)