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...
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33% Indian households cut milk consumption amid price rise concerns: Survey
-IANS/ Business Standard LocalCircles -- a community social media platform -- conducted a survey to gather information on how the households are coping with it Rising prices of milk has led to one in three Indian households either downgrading brand or reducing consumption, says a survey. Amid complaints on rising milk prices, LocalCircles -- a community social media platform --, conducted a survey to gather information on how the households are coping with...
More »Rare 3rd consecutive La Nina event underway, could impact agriculture -Himanshu Nitnaware and Shagun
-Down to Earth Southwest monsoon will likely extend till October, with detrimental impacts on Indian agriculture Australia’s Bureau of Meteorology (BOM) predicted August 25, 2022, that a third consecutive event of La Nina could be underway, leading to additional rainfall along its east coast this summer. The BOM predicted a 70 per cent chance of the La Nina event. However, the United States and UK weather agencies have claimed that the phenomenon is...
More »Staple spikes: Has an abnormal Kharif 2022 caused rice prices to rise -Raju Sajwan
-Down to Earth The United States Department of Agriculture has said rice production in India may decline by 0.9% in 2022-23 due to uneven rains Rice prices are spiking across India, even in areas where it is the staple. This development comes even as the country has experienced an abnormal Kharif season, with uneven distribution of rainfall. The cereal that forms the staple diet of over half of India’s population has become prohibitively...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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