Reuters Indian household's inflation expectations for the current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the results of the Reserve Bank of India's latest round of internal surveys conducted in January showed. As per the survey, respondents expect higher price pressures for household durables and cost of housing over the next three months as compared to the previous survey round, the release showed. Among consumption categories,...
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The number of Micro, Small, Medium enterprises that closed in 2022-23 was 6000% greater than two years ago - Parliamentary Question
Rajya Sabha 10,655 micro, small and medium enterprises (MSMEs) closed in 2022-23. That is a 6,088% increase over the number in 2021-22, with 175 closures. The data was revealed by the Ministry of Micro, Small and Medium Enterprises, Government of India as part of the response to a Parliamentary Question asked in the Rajya Sabha. The data was compiled from the Udyam registration portal, the Ministry's online portal for registrations and...
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...
More »Budget Briefs: FY 2022-23 MGNREGS allocation 9% lower, expenditure outstrips funds - Ria Kasliwal, Mridusmita Bordoloi, Avani Kapur
Accountability Initiative, Centre for Policy Research Budget 2023-24 will be unveiled on February 1. This brief examines the Government of India’s flagship rural employment programme. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It was launched in 2006 and is the largest scheme of the Department of Rural Development (DoRD) under the Ministry of Rural Development (MoRD). It aims to provide 100 days of guaranteed wage employment to every rural...
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...
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