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LATEST NEWS UPDATES | Rural Wage Growth Plunges To 10-year Low

Rural Wage Growth Plunges To 10-year Low

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published Published on Jan 14, 2015   modified Modified on Jan 14, 2015
-IndiaSpend.com

The wages of people living in rural India are no longer rising at the same rate as they were under the United Progressive Alliance government. Last week, The Indian Express reported that the average daily wage rate for rural India grew by 3.8% in November 2014 as compared to the same month the previous year. This is the lowest since 2005, said the paper.

As recently as June, growth figures were in double digits. In 2011, growth rates were higher than 20%, the paper said.

The decline in rural wage growth comes at a time when there is heightened concern over the cuts in government spending on the rural jobs programme under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA).

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IndiaSpend.com, 13 January, 2015, http://www.indiaspend.com/cover-story/rural-wage-growth-plunges-to-10-year-low-25295


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