The Wire The Niti Aayog’s second edition of the Multidimensional Poverty Index (MPI) has projected that about 14.96% of the Indian population is ‘multidimensionally’ poor. In absolute terms, 207.9 million (20.79 crore) Indians are poor and face deprivation in multiple development areas, as per population projections for the year 2021. Though this report also claimed that the multidimensional poverty in India has declined from 24.85% to 14.96% between 2015-16 and 2019-21. The...
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India will soon become third largest economy. Does it matter?
Subhash Chandra Garg, Deccan Herald Given the depreciating USD, India’s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28. The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India’s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India’s GDP reached $3.39 trillion...
More »Explainer: Why are Tomato Prices on Fire?
Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
More »New consumption survey to track online expenses in bid to capture real economic picture - Ishaan Gera
Economic Times Call it the next-gen consumption survey. The ongoing government consumption survey is going beyond asking what you eat, what you wear, and what you own; it also wants to know your OTT subscription spend, the time you spend online, how often you shop online, whether you order meals from Zomato or Swiggy, and if you own an electric vehicle. India's Household Consumption Expenditure Survey (HCES) will now include questions on...
More »Significant growth in MGNREGS employment in April 2023 - Natasha Somayya K
Centre for Monitoring Indian economy Employment generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased by a handsome 28.8 per cent to 277.5 million person days in April 2023. This growth was higher than the 5.6 per cent increase recorded in the previous month. Employment generated under MGNREGS increased substantially by close to 62.1 million person days in April, compared to 11.4 million person days that were generated...
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