As many as eight farmers are reportedly dying by suicide everyday in Maharashtra. As many as 1,203 farmers took their lives ever since the Eknath Shinde government came to power, the Indian Express reported, quoting NCP leader and Leader of Opposition Ajit Pawar, while he was speaking at Maharashtra’s legislative assembly on March 10. “Farming in Maharashtra is under threat due to unseasonal rain, farm produce is unable to get a...
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Real Wages Declined for Rural Indians in 2022, a Year When the Economy Somewhat Recovered
The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up PRIces of food, fuel and fertilizer worldwide. In India consumer PRIce inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022. What happened to rural incomes in 2022? An...
More »Wheat procurement target at 34.15 million tonnes for 2023-24 - PTI/The PRInt
The government has fixed a wheat procurement target of 34.15 million tonnes for the 2023-24 marketing year starting APRIl, higher than 18.79 million tonnes purchased in the previous year. The target was fixed in the meeting of state food secretaries held alongside state food ministers’ conference here to discuss procurement arrangements. Out of the total wheat procurement target for the 2022-23 marketing year (APRIl-March), Punjab will aim to procure 2.5 million...
More »Rural Consumption Stays Sluggish; Weather poses risk to recovery - Gireesh Chandra Prasad
Livemint While India staged a double-digit rebound in household consumption in FY22 which is set to expand at over 7% this fiscal, experts point out that India’s consumption story has a weakness — rural folk tightening their belt in the face of inflation. The silver lining is that the worst may be over, unless El Nino conditions disrupt the arrival of the rains and dampen a consumption revival, experts said. Gross domestic product...
More »Oct-Dec Quarter GDP slows to 4.4% as manufacturing shrinks - Tanya Krishna
Financial Express India's gross domestic product in the October-December, 2022 quarter is estimated to have grown at 4.4 percent year-on-year, slowing down from the previous two quarters, and a tad slower than expected, mainly as manufacturing activity took a hit, and favourable base faded away, government data showed on Tuesday. India’s GDP at constant PRIces in Q3 of FY 2022-23 is estimated at Rs 40.19 lakh crore, the Ministry of Statistics...
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