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....
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Top 10% of Urban Indian Households has 7,517 Times the Assets of the Bottom Decile
The average value of assets (AVA) of the top ten percent of urban households in India is more than seven thousand five hundred times greater than what the bottom ten percent owns. The AVA of the top decile was Rs. 1.5 crores, while the lowest decile owned an average of Rs. 2,000 of assets. The data is part of the All India Debt and Investment Survey - 2019, the survey for...
More »CM Adityanath Claims ‘No Farmer Suicides in Last 6 Years In UP’, Data Show 398 Cases - Merin Mathew, Nidhi Jacob
Factchecker.in On March 6, 2023, Uttar Pradesh Chief Minister Yogi Adityanath claimed that no farmer had died by suicide in the last six years. But, 398 farmers and 731 farm labourers died by suicide between 2017 and 2021 in the state, official data show. “Sugarcane farmers in Uttar Pradesh were forced to burn their crops and attempt suicide but in the last six years, no farmer in Uttar Pradesh has died by...
More »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...
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