🇮🇳💰 India's richest and poorest states | 🔎💼 Centre to investigate EY's "toxic work culture"
An EAC-PM (Economic Advisory Council) report has revealed stark economic disparities among Indian states. Meanwhile, the govt is set to investigate EY's work culture.
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India's richest and poorest states: South leads GDP race, West Bengal stumbles
An EAC-PM (Economic Advisory Council) report reveals stark economic disparities among Indian states, highlighting the rise of southern states and the decline of West Bengal. The five southern states—Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu—now account for 30% of India’s GDP, driven by tech and industrial growth.
The per capita incomes in these states have risen above the national average since 1991. Karnataka's booming tech sector and Tamil Nadu's industrial hubs have been key drivers.
The other side: West Bengal’s GDP contribution plummeted from 10.5% in 1960-61 to 5.6% in 2023-24, raising questions about its economic policies and political climate. This decline is particularly puzzling given West Bengal's historical advantages and strategic maritime location.
Maharashtra, though still the largest GDP contributor, has seen its share decrease from over 15% to 13.3%, facing challenges in maintaining high per capita income.
Uttar Pradesh's GDP contribution has fallen from 14% in 1960-61 to 9.5% currently. Haryana has outperformed Punjab post-2000, with a higher per capita income now at 176.8% of the national average, while Punjab's growth has stagnated.
Despite historical advantages, Bihar remains economically behind, contributing only 4.3% to India's GDP.
Clip du jour
This teaser for the anime “Ramayana: The Legend of Prince Rama”.
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Colleague of deceased EY employee highlights toxic work culture in letter; Centre steps in to probe
An EY employee issued a detailed anonymous statement on Reddit alleging worse treatment by managers after the recent death of another EY employee in Pune.
Here's a copy of the letter.
What they're saying: In the letter, it is alleged that Anna's manager constantly criticized his juniors' work, and takes credit for victories but blames shortfalls on his team.
The letter adds that the assistant manager was equally toxic, and was trying to get the work of 5-6 people done by just 2-3 employees as it helps get promoted faster.
The letter adds that EY employees average “16 hours a day in the busy season”, and “12 hours a day in non-busy seasons”, leaving employees with “no social life” and “no personal life”.
The letter concludes saying that all employees leaving EY are usually “very happy” and that their colleagues congratulate them like they have been “released from prison”.
Meanwhile, taking note of the incident, Minister of State for Ministry of Labour and Employment, Shobha Karandlaje said “A thorough investigation into the allegations of an unsafe and exploitative work environment is underway. We are committed to ensuring justice.”
ICYMI
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