Centre for Monitoring Indian Economy Consumer Sentiments improved in January 2023. CMIE's Index of Consumer Sentiments (ICS) reached 83.9, which is the highest since sentiments were hit severely by the Covid-19 induced lockdowns. The ICS, however, continues to remain lower than its pre-pandemic level. The ICS was at 105.3 in February 2020. The recovery in Consumer Sentiments from the pandemic has been the slowest among all economic indicators. While most production indicators...
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Losing the pulse: Farmers will suffer a setback with falling chana prices. Govt must observe - Shweta Saini and Pulkit Khatri
-ThePrint.in With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late. Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals, edible oils, and vegetables, where inflation is regularly reported, falling prices of such crops seldom make it to the national media. These prices are important...
More »GDP Numbers: What’s Wrong With How India Measures Manufacturing Output Data -Kaushal Shroff
-TheWire.in A claim of an 8.4% real GDP growth rate has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narrative that economic growth is indeed back on track. However, sorely missing from these narratives is the inconvenient factoid on the currently dismal state of...
More »Brace up for recession -Aunindyo Chakravarty
-The Tribune Govt must prepare for worst-case scenario as things won’t be resolved on their own In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India’s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed...
More »India’s budget needs to address gender inequity in employment -Ashwini Deshpande
-Livemint.com The country can’t expect to be a superpower with gender disparities worsening the way they are The latest bulletins from the Centre for Monitoring Indian Economy (CMIE) present a dismal picture. The calamitous fall in employment in April 2020 was followed by a partial recovery in May and June, but the recovery tapered off by September. October and November saw declines again. This slowdown in economic activity can be seen in...
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