Wholesale price-based inflation rate declined by (-) 3.48 per cent in May, a 3-year low, on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation rate has been in the negative territory for the second straight month. In April it was (-) 0.92 per cent. In May, 2022 WPI inflation was at 16.63 per cent. The May, 2023 data print of (-) 3.48 per cent...
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Why an El Nino in 2023 is Bad News for India - Deekshita Baruah
Carbon Copy The India Meteorological Department (IMD) this week delivered its first long-range forecast for this year’s monsoon. In terms of total rainfall observed over the season, the IMD expects this year’s monsoon to bring 96% of the Long Period Average (with a modelling error of +/-5%). The forecast, if it materialises, places monsoon performance within the “normal” range, albeit narrowly. Despite the normal forecast, mid-way into summer 2023, India is jittery....
More »Commodity prices have brought inflation to its lowest in months in India - Mimansa Verma
Quartz India Easing global commodity prices have begun to reflect on inflation in India, at both the wholesale and consumer levels. Wholesale price rise in April fell into negative territory for the first time since July 2020, to -0.92%, government data showed yesterday (May 15). It stood at 15.38% in the same month last year. The decline in inflation in goods sold in bulk was primarily driven by a fall in the...
More »India's stretched health care system fails millions in rural areas battling sickle cell disease - ABC
Australian Broadcasting Corporation Poonam Gond is learning to describe her pain by numbers. Zero means no pain and 10 is agony. Poonam was at seven late last month. "I have never known zero pain," she said, sitting in the plastic chair where she spends most of her days. The 19-year-old has sickle cell disease, a genetic blood disorder. Her medicine ran out weeks ago. Poonam's social worker, Geeta Aayam, nods as she...
More »Significant growth in MGNREGS employment in April 2023 - Natasha Somayya K
Centre for Monitoring Indian Economy Employment generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased by a handsome 28.8 per cent to 277.5 million person days in April 2023. This growth was higher than the 5.6 per cent increase recorded in the previous month. Employment generated under MGNREGS increased substantially by close to 62.1 million person days in April, compared to 11.4 million person days that were generated...
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