The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
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Average employment days under MGNREGA could be at three-year low in FY23 - Parvathi Benu
The Hindu Businessline The average days of employment per household under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in FY23 are likely to be lower than in the last two fiscal years. This is according to the analysis of the data the Ministry of Rural Development put out. Data until March 6 show that the average days of employment under the Act was 45 in FY23. An extrapolation of the...
More »Demand for work under NREGS hits 8-month high - Economic Times
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) inched up in February to scale an eight-month high, after a month-on-month fall in January, reflecting an uneven recovery in broader economic activities. According to rural development ministry data, 26.3 million individuals opted for work under the scheme in February, up 1.7% from the previous month. Demand for the work came from 21.2 million households, recording a 2.4%...
More »Consumer sentiments improve but still too low - Mahesh Vyas
Centre for Monitoring Indian Economy Consumer sentiments improved in January 2023. CMIE's Index of Consumer Sentiments (ICS) reached 83.9, which is the highest since sentiments were hit severely by the Covid-19 induced lockdowns. The ICS, however, continues to remain lower than its pre-pandemic level. The ICS was at 105.3 in February 2020. The recovery in consumer sentiments from the pandemic has been the slowest among all economic indicators. While most production indicators...
More »Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev
Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of Rural Households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...
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