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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Women’s Work and Wages Continue at Abysmal Levels - Subodh Varma
Newsclick.in The share of women who are earning through work continues to remain shockingly low in India according to the latest data from the annual Periodic Labour Force Survey (PLFS) 2021-22 released last month. The report, compiled by the National Sample Survey Office (NSSO) under the ministry of statistics, also provides a glimpse of the unconscionable gap between the earnings of men and women. In rural areas, about 57% of men are...
More »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 »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 »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...
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