Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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                            <div align="justify">-Down to Earth<br /><br />Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre&rsquo;s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy<br /><br /><em>* Kundan Pandey: Is there low demand in the economy? <br /></em><br />Pronab Sen: The demand is not low. The crisis is that the demand is not growing. For a long time, people from lower income groups were earning more and moving into the higher income bracket. Their consumption was shifting along with their income growth. For the past two or two-and-a-half years, this process has stalled.<br /><br />You still have the middle class and the upper-middle class families, but their numbers are not growing. The income of these families is growing but their demand has reached a saturation point as they have already acquired the major consumer goods.<br /><br />Since last year, the problem has started hurting because the demand in the urban corporate sector has gone down. Rural India has also been reeling from it for a while, which has triggered widespread farmer protests. <br /><br /><br /><em>Down to Earth, 31 October, 2019, please <a href="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE" title="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE">click here</a> to read the entire interview.<br /></em>&nbsp;<strong><br />Image Courtesy: Down to Earth</strong></div>                                                           
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                            <div align="justify">-Down to Earth<br /><br />Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre&rsquo;s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy<br /><br /><em>* Kundan Pandey: Is there low demand in the economy? <br /></em><br />Pronab Sen: The demand is not low. The crisis is that the demand is not growing. For a long time, people from lower income groups were earning more and moving into the higher income bracket. Their consumption was shifting along with their income growth. For the past two or two-and-a-half years, this process has stalled.<br /><br />You still have the middle class and the upper-middle class families, but their numbers are not growing. The income of these families is growing but their demand has reached a saturation point as they have already acquired the major consumer goods.<br /><br />Since last year, the problem has started hurting because the demand in the urban corporate sector has gone down. Rural India has also been reeling from it for a while, which has triggered widespread farmer protests. <br /><br /><br /><em>Down to Earth, 31 October, 2019, please <a href="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE" title="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE">click here</a> to read the entire interview.<br /></em>&nbsp;<strong><br />Image Courtesy: Down to Earth</strong></div>                                                           
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Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre&rsquo;s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy

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                            <div align="justify">-Down to Earth<br /><br />Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre&rsquo;s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy<br /><br /><em>* Kundan Pandey: Is there low demand in the economy? <br /></em><br />Pronab Sen: The demand is not low. The crisis is that the demand is not growing. For a long time, people from lower income groups were earning more and moving into the higher income bracket. Their consumption was shifting along with their income growth. For the past two or two-and-a-half years, this process has stalled.<br /><br />You still have the middle class and the upper-middle class families, but their numbers are not growing. The income of these families is growing but their demand has reached a saturation point as they have already acquired the major consumer goods.<br /><br />Since last year, the problem has started hurting because the demand in the urban corporate sector has gone down. Rural India has also been reeling from it for a while, which has triggered widespread farmer protests. <br /><br /><br /><em>Down to Earth, 31 October, 2019, please <a href="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE" title="https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss5EWX3qT596yyJEE">click here</a> to read the entire interview.<br /></em>&nbsp;<strong><br />Image Courtesy: Down to Earth</strong></div>                                                           
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Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre's India Programme, interviewed by Kundan Pandey (Down to Earth)

Published on Nov 1, 2019   Modified on Nov 1, 2019

-Down to Earth Pronab Sen, former chief statistician of India and current programme director of the International Growth Centre’s India Programme, speaks to Kundan Pandey about how recent government policies have crippled the income of the poor and slowed the economy * Kundan Pandey: Is there low demand in the economy? Pronab Sen: The demand is not low. The crisis is that the demand is not growing. For a long time, people from lower income groups were earning more and moving into the higher income bracket. Their consumption was shifting along with their income growth. For the past two or two-and-a-half years, this process has stalled. You still have the middle class and the upper-middle class families, but their numbers are not growing. The income of these families is growing but their demand has reached a saturation point as they have already acquired the major consumer goods. Since last year, the problem has started hurting because the demand in the urban corporate sector has gone down. Rural India has also been reeling from it for a while, which has triggered widespread farmer protests. Down to Earth, 31 October, 2019, please click here to read the entire interview.   Image Courtesy: Down to Earth

Down to Earth, 31 October, 2019, https://www.downtoearth.org.in/interviews/economy/poor-no-longer-moving-to-higher-income-bracket-pronab-sen-67523?fbclid=IwAR2fRv2KaRY_ErFWwM13qGm17TojgLvjj9AS4h0K3jss

Tagged with: Demonetisation Note Ban Rural Demand Economic Slowdown Economic Downturn Purchasing Power Effective Demand

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