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Consumer spending falls for first time since 1973 due to low rural demand: NSO data

-India Today The NSO report claims the consumer spending in villages for FY18 dipped by 8.8, whereas, it rose by 2% in cities over six years Consumer spending dropped for the first time since 1973 on weak rural demand, according to National Statistical Office (NSO). Latest consumption expenditure survey, titled 'Key Indicators: Household Consumer Expenditure in India', reveals that the average sum of money a person spends in a month dropped by 3.7%...

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Never the twain shall meet: Why gap between WPI and CPI based inflation widening -Asit Ranjan Mishra

-Livemint.com Why is retail inflation then touching new heights? It is mainly because CPI and WPI are two different sets of Indicators with varied compositions While the retail inflation as measured by the Consumer Price Index (CPI) touched a 16 month high at 4.62% in October, the wholesale price inflation measured by the Wholesale Price Index (WPI) is at the verge of entering the negative territory. The gap between the two is...

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The scourge of hunger and malnutrition

-Economic and Political Weekly Policies ensuring food security and nutrition support require a renewed focus and sense of urgency. It is a national shame that, even several decades after independence, the country has not been able to free itself from the problem of hunger and malnutrition that endangers the life and health of the population, especially that of children, women, and vulnerable groups. The global hunger index (GHI) published this year has...

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Economy under stress: Slowdown may spill over to FY21

-Financial Express Economists see no V-shaped recovery after Q2, say any spending cut will hit growth. The economy may be in the midst of a protracted phase of slowdown and the weakness could stretch into the next fiscal, as green shoots of a recovery in key Indicators — from industrial production, exports and corporate sales to non-food credit growth — are barely visible. Economists, who were earlier optimistic about a rebound in the...

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Big Data: Don't ask how much, ask what for -Swapnil Shekhar & Kaamila Patherya

-The Hindu Business Line Big Data by itself will give little insight, especially when it comes to consumption patterns. Indicators that help contextualise the information collected must be used Everyone seems to be talking about Big Data. Organisations across sectors are buying into the premise of data-driven decision-making and growth. Studies show that the overall adoption of data science and analytics at large Indian firms has been as high as 64 per...

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