P.V. Satheesh, founder and Executive Director of the Deccan Development Society passed away on 19 March, 2023. Periyapatna Venkatasubbaiah Satheesh – P.V. Satheesh to friends – was born in Mysore in 1945. He studied mass communication and television production at the Indian Institute of Mass Communication and the Film and Television Institute of India. He joined Doordarshan as a senior producer and worked on programming related to rural development and...
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Real Wages Declined for Rural Indians in 2022, a Year When the Economy Somewhat Recovered
The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
More »Indian households' inflation expectations moderating according to RBI survey - Swati Bhat
Reuters Indian household's inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of India's latest round of internal surveys conducted in January showed. As per the survey, respondents expect higher price pressures for household durables and cost of housing over the next three months as compared to the previous survey round, the release showed. Among consumption categories,...
More »Stress in villages, but growth in cities, says Hindustan Unilever CEO - Sagar Malviya
Economic Times Unilever global chief executive Alan Jope said high inflation impacted demand from low income consumers in Indian villages even as growth remains stronger in cities. "The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes," Jope said during its...
More »FMCG growth slows in Oct-Dec Quarter - Sharleen D'Souza
- Business Standard India’s fast-moving consumer goods (FMCG) sector grew at a slower pace of 7.6 per cent, in the October-December 2022 quarter, compared to the previous quarter as well as October-December 2021, Business Standard reported, citing data from market research firm NielsenIQ. Price growth has tapered and volumed remain weak. Price growth during the quarter was 7.9 per cent, lower than 9.9 per cent in the previous quarter. FMCG firms were...
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