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...
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Why an El Nino in 2023 is Bad News for India - Deekshita Baruah
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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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 »Lok Sabha Standing Committee Concerned about Reduction in MGNREGA Budget, Recommends Increase
A report released by a Parliamentary standing committee has expressed concern over the reduction of funds for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The report by the Lok Sabha Standing Committee on Rural Development and Panchayati Raj released on 14 March, 2023 said that the Budget Estimates for MGNREGS has been reduced by Rs. 29,400 Crore for 2023-24 when compared to the Revised Estimates of 2022-23. The report said...
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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