-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
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The curious case of a consumption decline
-Livemint.com A leaked NSO survey report says that expenditure by consumers across India actually fell over a six-year span till 2017-18. This is at odds with our GDP data. So what explains this finding? Is Indian consumption in decline? Anecdotal evidence has pointed that way for some time. But now, a leaked survey report of the National Statistical Office (NSO), published on Friday in Business Standard, seems to confirm suspicions of such...
More »Govt scraps NSO's consumer expenditure survey over 'data quality' -Somesh Jha
-Business Standard The findings of the report, published by Business Standard on Friday, showed Consumer Spending falling for the first time in over four decades in 2017-18 The government has decided to scrap the National Statistical Office’s (NSO’s) consumer expenditure survey conducted in 2017-18 over “data quality”. “In view of the data quality issues, the Ministry (of Statistics and Programme Implementation) has decided not to release the consumer expenditure survey results of 2017-2018....
More »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%...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
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