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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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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
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
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
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. 

New Delhi: The consumption-driven story of India&rsquo;s..."/>
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Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. 

New Delhi: The consumption-driven story of India&rsquo;s..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. <br /><br />New Delhi: </em>The consumption-driven story of India&rsquo;s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand.<br /><br />At a time when public expenditure is likely to be curtailed by the obligation to meet fiscal deficit targets, a slackening of consumption demand presents a bleak outlook, especially with respect to the rural sector.<br /><br />Rural retail inflation reflected the slowdown by slipping below the urban retail inflation since July this year, after remaining higher than the urban inflation over last several years.<br /><br />Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story.<br /><br />The depressed wholesale prices is reflected in the average annual wholesale price index-based inflation being (-)0.33 per cent for food articles and 1.66 per cent for non-food agricultural articles during January-November 2018.<br /><br />Pronab Sen, Country Director for the India Programme of the International Growth Centre and former chief statistician of India that even though agriculture is holding up in terms of physical volumes, the consumption breakdown is mainly originating from the non-agricultural segment in rural areas.<br /><br />&ldquo;Non-agricultural activities have slowed down, agriculture at least from the physical side is keeping up, we are at least growing 3-3.5 per cent in terms of physical volumes. In the non-agricultural rural activities, nothing is happening. That&rsquo;s where the real consumption breakdown is coming from. Consumption is weakening,&rdquo; the Country Director for the India Programme of the International Growth Centre said.<br /><br />In a situation of rural distress, he says that farm loan waiver could turn out to be a lifesaver, if not the cure, by keeping open access to bank finance. The Reserve Bank of India&rsquo;s data for gross bank credit shows it staying over 10 per cent since April, the first month of this financial year.<br /><br />Credit to industry has remained subdued, slipping below 1 per cent mark in June-July and now gradually having risen to 3.7 per cent in October, this year.<br /><br />Credit offtake in personal loans category&mdash;an indicator for consumption demand&mdash;has recorded a slowdown from over 20 per cent level in January this year to 15.1 per cent in September and 16.8 per cent in October. Another sector where the impact of slowdown in consumption demand has been witnessed is the automobiles sector.<br /><br />Data released by the Society of Indian Automobile Manufacturers (Siam) earlier this month showed a drop of 11 per cent in sales of medium and heavy commercial vehicles (M&amp;HCV) to 25,363 units in November compared with the previous year.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/" title="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/" class="re" target="_blank">The Indian Express, 1 January, 2019, https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/</a><div class="clear"></div>
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    <h1 class="cat-box-title">Slackening of demand indicators weakens India&#039;s growth impetus -Aanchal Magazine</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. <br /><br />New Delhi: </em>The consumption-driven story of India&rsquo;s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand.<br /><br />At a time when public expenditure is likely to be curtailed by the obligation to meet fiscal deficit targets, a slackening of consumption demand presents a bleak outlook, especially with respect to the rural sector.<br /><br />Rural retail inflation reflected the slowdown by slipping below the urban retail inflation since July this year, after remaining higher than the urban inflation over last several years.<br /><br />Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story.<br /><br />The depressed wholesale prices is reflected in the average annual wholesale price index-based inflation being (-)0.33 per cent for food articles and 1.66 per cent for non-food agricultural articles during January-November 2018.<br /><br />Pronab Sen, Country Director for the India Programme of the International Growth Centre and former chief statistician of India that even though agriculture is holding up in terms of physical volumes, the consumption breakdown is mainly originating from the non-agricultural segment in rural areas.<br /><br />&ldquo;Non-agricultural activities have slowed down, agriculture at least from the physical side is keeping up, we are at least growing 3-3.5 per cent in terms of physical volumes. In the non-agricultural rural activities, nothing is happening. That&rsquo;s where the real consumption breakdown is coming from. Consumption is weakening,&rdquo; the Country Director for the India Programme of the International Growth Centre said.<br /><br />In a situation of rural distress, he says that farm loan waiver could turn out to be a lifesaver, if not the cure, by keeping open access to bank finance. The Reserve Bank of India&rsquo;s data for gross bank credit shows it staying over 10 per cent since April, the first month of this financial year.<br /><br />Credit to industry has remained subdued, slipping below 1 per cent mark in June-July and now gradually having risen to 3.7 per cent in October, this year.<br /><br />Credit offtake in personal loans category&mdash;an indicator for consumption demand&mdash;has recorded a slowdown from over 20 per cent level in January this year to 15.1 per cent in September and 16.8 per cent in October. Another sector where the impact of slowdown in consumption demand has been witnessed is the automobiles sector.<br /><br />Data released by the Society of Indian Automobile Manufacturers (Siam) earlier this month showed a drop of 11 per cent in sales of medium and heavy commercial vehicles (M&amp;HCV) to 25,363 units in November compared with the previous year.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/" title="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/" class="re" target="_blank">The Indian Express, 1 January, 2019, https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/</a><div class="clear"></div>
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-The Indian Express

Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. 

New Delhi: The consumption-driven story of India&rsquo;s..." />
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    <h1 class="cat-box-title">Slackening of demand indicators weakens India&#039;s growth impetus -Aanchal Magazine</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. <br /><br />New Delhi: </em>The consumption-driven story of India&rsquo;s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand.<br /><br />At a time when public expenditure is likely to be curtailed by the obligation to meet fiscal deficit targets, a slackening of consumption demand presents a bleak outlook, especially with respect to the rural sector.<br /><br />Rural retail inflation reflected the slowdown by slipping below the urban retail inflation since July this year, after remaining higher than the urban inflation over last several years.<br /><br />Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story.<br /><br />The depressed wholesale prices is reflected in the average annual wholesale price index-based inflation being (-)0.33 per cent for food articles and 1.66 per cent for non-food agricultural articles during January-November 2018.<br /><br />Pronab Sen, Country Director for the India Programme of the International Growth Centre and former chief statistician of India that even though agriculture is holding up in terms of physical volumes, the consumption breakdown is mainly originating from the non-agricultural segment in rural areas.<br /><br />&ldquo;Non-agricultural activities have slowed down, agriculture at least from the physical side is keeping up, we are at least growing 3-3.5 per cent in terms of physical volumes. In the non-agricultural rural activities, nothing is happening. That&rsquo;s where the real consumption breakdown is coming from. Consumption is weakening,&rdquo; the Country Director for the India Programme of the International Growth Centre said.<br /><br />In a situation of rural distress, he says that farm loan waiver could turn out to be a lifesaver, if not the cure, by keeping open access to bank finance. The Reserve Bank of India&rsquo;s data for gross bank credit shows it staying over 10 per cent since April, the first month of this financial year.<br /><br />Credit to industry has remained subdued, slipping below 1 per cent mark in June-July and now gradually having risen to 3.7 per cent in October, this year.<br /><br />Credit offtake in personal loans category&mdash;an indicator for consumption demand&mdash;has recorded a slowdown from over 20 per cent level in January this year to 15.1 per cent in September and 16.8 per cent in October. Another sector where the impact of slowdown in consumption demand has been witnessed is the automobiles sector.<br /><br />Data released by the Society of Indian Automobile Manufacturers (Siam) earlier this month showed a drop of 11 per cent in sales of medium and heavy commercial vehicles (M&amp;HCV) to 25,363 units in November compared with the previous year.<br /><br />Please <a href="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/" title="https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/">click here</a> to read more. <br /></div>                                                           
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Slackening of demand indicators weakens India's growth impetus -Aanchal Magazine

Published on Jan 1, 2019   Modified on Jan 1, 2019

-The Indian Express Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation to meet fiscal deficit targets, a slackening of consumption demand presents a bleak outlook, especially with respect to the rural sector. Rural retail inflation reflected the slowdown by slipping below the urban retail inflation since July this year, after remaining higher than the urban inflation over last several years. Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. The depressed wholesale prices is reflected in the average annual wholesale price index-based inflation being (-)0.33 per cent for food articles and 1.66 per cent for non-food agricultural articles during January-November 2018. Pronab Sen, Country Director for the India Programme of the International Growth Centre and former chief statistician of India that even though agriculture is holding up in terms of physical volumes, the consumption breakdown is mainly originating from the non-agricultural segment in rural areas. “Non-agricultural activities have slowed down, agriculture at least from the physical side is keeping up, we are at least growing 3-3.5 per cent in terms of physical volumes. In the non-agricultural rural activities, nothing is happening. That’s where the real consumption breakdown is coming from. Consumption is weakening,” the Country Director for the India Programme of the International Growth Centre said. In a situation of rural distress, he says that farm loan waiver could turn out to be a lifesaver, if not the cure, by keeping open access to bank finance. The Reserve Bank of India’s data for gross bank credit shows it staying over 10 per cent since April, the first month of this financial year. Credit to industry has remained subdued, slipping below 1 per cent mark in June-July and now gradually having risen to 3.7 per cent in October, this year. Credit offtake in personal loans category—an indicator for consumption demand—has recorded a slowdown from over 20 per cent level in January this year to 15.1 per cent in September and 16.8 per cent in October. Another sector where the impact of slowdown in consumption demand has been witnessed is the automobiles sector. Data released by the Society of Indian Automobile Manufacturers (Siam) earlier this month showed a drop of 11 per cent in sales of medium and heavy commercial vehicles (M&HCV) to 25,363 units in November compared with the previous year. Please click here to read more.

The Indian Express, 1 January, 2019, https://indianexpress.com/article/business/economy/slackening-of-demand-indicators-weakens-indias-growth-impetus-5517763/

Tagged with: Purchasing Power Rural Demand Effective Demand Credit offtake rural distress

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