A coalition of civil society activits has criticized the Union Budget 2023-24 for reducing government spending on the social sector by a massive amount. The economic crisis induced by the Covid-19 pandemic was borne disproportionately by those at the bottom of the pyramid and in this context spending on social protection schemes such as the Public Distribution System, anganwadis, pensions and MGNREGA is especially important. But the Government of India has...
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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...
More »Economic Survey 2022-23 Highlights inflation risks and Rupee depreciation pressure on Indian Economy
The Economic Survey 2022-23, released today, has flagged threats to the Indian economy, even as it forecasts a GDP Growth rate of 6.5% for the next fiscal year. The survey has said that the challenge of the Indian rupee depreciating remains. "However, the challenge of the depreciating rupee, although better performing than most other currencies, persists with the likelihood of further increases in policy rates by the US Fed". What...
More »ST enrolments in higher education rise by 47%, OBC enrolment by 31%: Government survey
The Growth in enrolments of Scheduled Tribe (ST) students in higher education between 2014-15 and 2020-21 has been 47%, while OBC enrolments have increased by 31.67% in the same period. These are some of the key findings of the All India Survey on Higher Education 2020-21 (AISHE) conducted by the Ministry of Education. Other AISHE findings include: * Enrolment of ST students has increased to 24.1 lakh in 2020-21 from 21.6...
More »What data told us about India in 2022 - Akshi Chawla
DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...
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