Rural Economy

Maruti Suzuki says proudly that they have helped to sell at least one car in 4.18 lakh villages

The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce

Focus on the rural economy in the budget has been waning over the years and in such a scenario a revival of the rural economy would take time, JM Financial said in a report

The problem with govt's decision lies not with fiscal maths but with how it addresses realities of economics of farming and the income levels of much of India's working population, writes T N Ninan

War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit

Union Finance Minister Nirmala Sitharaman, while addressing the Lower House of Parliament on December 14 this year, claimed that the demand for work under MGNREGA is on the wane

Retail inflation for farm and rural workers rose to 6.87 per cent and 6.99 per cent, respectively, in November on annual basis mainly due to lower prices of certain food items. Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labours) and CPI-RL (rural labourers) stood at 7.22 per cent & 7.34 per cent respectively in October, 2022 and 3.02 per cent and 3.38 per cent, respectively, during the corresponding month (November 2021) of the previous year, a labour bureau statement said. Food inflation stood at 6.19 per cent and 6.05 per cent in November, 2022 compared to 7.05 per cent and 7 per cent respectively in October 2022 and 0.88 per cent and 1.07 per cent respectively during the corresponding month (November 2021) of the previous year, it stated. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for the month of November 2022 increased by 8 points each to stand at 1167 and 1178 points ...

Experts said an institutionalised system of social audits will clear lots of doubt

The right wing's appeal to the working poor has to do with the fact that economic insecurity has often been intertwined with cultural insecurity, which the right is in a better position to exploit

Retail inflation for farm and rural workers eased marginally to 7.22 per cent and 7.34 per cent, respectively, in October compared to September 2022, mainly due to lower prices of certain food items. "Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labour) and CPI-RL (rural labour) stood at 7.22 per cent & 7.34 per cent in October 2022 compared to 7.69 per cent & 7.90 per cent respectively in September 2022 and 2.76 per cent and 3.12 per cent respectively during the corresponding month of the previous year," a labour ministry statement said. Food inflation stood at 7.05 per cent and 7 per cent in October 2022 compared to 7.47 per cent & 7.52 per cent respectively in September 2022 and 0.39 per cent & 0.59 per cent respectively during the corresponding month of the previous year. The All-India Consumer Price Index Number for Agricultural Labourers and Rural Labourers for the month of October 2022 increased by 10 points and 9 ...

But asks rural development ministry to identify and remove inefficiencies

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ

Scope of their survival is diminishing. Even as the overall business of rural financial institutions has generally been looking up, they are struggling to scale up business volumes

To strengthen the rural economy and empower the youth and women with direct and indirect employment opportunities, the Government of Jammu and Kashmir has identified 181 villages having picturesque beauty and cultural significance for transformation into tourist destinations under Tourist Villages Development Program (TVDP), stated the Department of information and public relations JK.Under Mission Youth's initiative, registered youth and Self Help Groups are provided an opportunity to be a part of the Government's endeavour to boost rural tourism in J & K.According to the official statement, the youth-led sustainable tourism initiative will strengthen the rural economy and community entrepreneurship, empowering youth and women by providing direct and indirect employment opportunities. This step will showcase the landscapes, indigenous knowledge systems, cultural diversity and heritage, local values and traditions, besides encouraging film shooting and offering financial ...

A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand to rebound in India, said Morgan Stanley on Wednesday

A new report reveals people in villages are concerned about inflation and its impact on their financial condition

Some states have been using more than permitted MGNREGA funds to build rural infrastructure instead of generating livelihood opportunities for rural needy, says Central government

A rise in the demand for work under the scheme shows rising economic distress

Uttar Pradesh Chief Minister Yogi Adityanath on Thursday said the country's economy progresses when rural economy is strengthened. The chief minister was addressing a rural development exhibition organised by the Pandit Deendayal Upadhyaya Smriti Mahotsav Samiti in Mathura via video-conferencing from his official residence in Lucknow. "Deendayal Upadhyaya-ji had said that the standard of the economy of any country is judged by the economic condition of the person in the lowest rung," Adityanath said. He said emphasis has been laid on the use of technology to reduce the cost of farming and increase the production efficiency of agriculture. To bring happiness in the lives of farmers, programmes like Soil Health Card, Pradhan Mantri Krishi Sinchai Yojana, Pradhan Mantri Fasal Bima Yojana etc. are being run in the country, the chief minister said. He said his government has provided concessions on electricity bills of tube wells used by farmers. "The state government has collaborated

He was an excellent analytical economist and his is a great loss to the profession of economics vis-a-vis research and policy, writes S Mahendra Dev