Centre for Economic Data and Analysis, Ashoka University Retail prices of Tur (Arhar) dal jumped from INR 110.5 per kg on average across the country at the beginning of the year to INR 135.7 per kg by July 31, 2023. Prices of this dal have risen faster than the overall food prices. Even as the sharp surge in tomato prices in recent weeks has caught everybody’s attention, another essential kitchen staple –...
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Monsoon takes pause in August after July deluge, El Nino may further weaken rains - Rural Voice
Monsoon seems to have reversed gear in August, with sustained dry spell in many regions of the country. What's more worrying is that meteorologists in the US are saying there is a 66 percent chance of El Nino developing into a strong event. This means, El Nino's effects could be felt in India too, weakening the monsoon further. Overall, till now, the monsoon rains in India remain in the normal...
More »Food Inflation Increases to 11.51% in July, Highest in 3.5 Years
India's July consumer price food inflation has risen to 11.51 percent from a year ago, its highest rate in three and a half years. The last time food inflation was above this rate was in December 2019. The price of cereals, pulses, vegetables and spices helped push food inflation into double digits. The Consumer Price Index (CPI) for July is 7.44 percent, up from 4.87 percent in June. High food inflation...
More »135 Million Indians Exited “Multidimensional" Poverty as per Government Figures. Is that the same as Poverty Reduction?
The Niti Aayog recently released its National Multidimensional Poverty Index 2023, according to which the poverty headcount ratio declined from 24.85 percent in 2015-16 to 14.96 percent in 2019-21. In absolute numbers this translates to 135 million people exiting multidimensional poverty in this time period. In addition, a few days earlier, the United Nations Development Programme (UNDP) released its own Multidimensional Poverty Index, which in a press note said that,...
More »India may have seen steepest dip in multidimensional poverty among 110 nations as per UNDP data - Nikhil Rampal
The Print More than a third of India’s poor, or 415 million people, were pushed out of multidimensional poverty between 2005 and 2021, shows analysis of the United Nations Development Program’s (UNDP’s) updated poverty index data. The data of 110 developing countries, collected over varying time periods, indicates that this fall is likely to be the steepest. According to the UNDP’s updated Multidimensional Poverty Index (MPI) report, released Tuesday, about 55 percent of...
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