-MoneyControl.com A continued property market slowdown and a vegetable glut may have pushed landless labourers back to villages, seeking daily jobs and depressing wage growth India’s gross domestic product (GDP) growth looks set to cruise along the 7-7.5 percent trail, partly aided by steady farm incomes and record harvests on the back of plentiful summer rains over the last three years. But it may still be early to open the bubbly yet. The...
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Delhi Metro is second-most unaffordable in the world, shows study
-Scroll.in The Centre for Science and Environment found that after last year’s fare revision, an average commuter spends 14% of their household income on metro travel. Of nine metropolitan cities across the world that have operational metro systems that charge less than half-a-US dollar for a 10-km trip, the Delhi Metro is the second most costly,The Times of India quoted a study by the Centre for Science and Environment as saying....
More »Why reports of agriculture's demise are greatly exaggerated -Dipti Jain and Sayantan Bera
-Livemint.com Farming activities comprise more than half of the total average monthly income for agricultural households, as per the latest survey by Nabard Bengaluru/ New Delhi: Farmers may be looking for alternative avenues of income, but it is too soon to write off the significance of agriculture in rural India, data from the recently released Nabard All India Rural Financial Inclusion Survey (NAFIS) shows. An initial reading of the survey findings seems to...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »ILO: Strong wage policies are key to promote inclusive growth in India
-ILO News Despite real wage growth, inequality, informality and gender wage gap persist. New Delhi: While India’s economy in the past two decades has seen an annual average GDP rate of 7 % — low pay and inequality persist according to the India Wage Report: Wage policies for decent work and inclusive growth , published by the International Labour Organization. The NSSO estimates also indicate that the real average daily wage has doubled...
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