Rural Income

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

The FMCG industry has experienced a 6.6% growth in value, attributed to a 6.5% increase in volume at an all-India level

Retail inflation for farm, rural workers rises to 6.85% in January

Retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January, mainly due to higher prices of certain food items. The inflation readings for farm and rural workers stood at 6.38 per cent and 6.60 per cent, respectively, in December 2022. In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively. "Point to point rate of inflation based on the CPI-AL (Consumer Price Index Agricultural Labourers) and CPI-RL (Rural Labourers) stood at 6.85 per cent & 6.88 per cent in January 2023 compared to 6.38 per cent & 6.60 per cent, respectively in December 2022 and 5.49 per cent," the labour ministry said in a statement on Monday. Food inflation rose to 6.61 per cent and 6.47 per cent, respectively, last month from 5.89 per cent and 5.76 per cent, respectively, in December 2022. For farm and rural workers, the food inflation stood at 4.15 per cent and 4.33 per cent, ...

Rural wage growth trailing inflation, govt should continue support: Report

Rural wage growth is trailing inflation and the government needs to continue with policy support to help people in the mofussil areas, a credit information company said on Thursday. In a report, Crif High Mark observed that rural wages are unable to keep pace with rising inflation and sought continued interventions from the policy front on this. with rising rural inflation, decline in real rural wages and slowing rural demand, it is important for the government and policymakers to continue their support to the rural sector, it said. Rural inflation had remained above urban inflation in the first half of 2022, it said, adding that rural consumption declined and average rural unemployment decreased. The rural business confidence index, which takes inputs from macroeconomic indices, credit bureau data and the survey of companies operating in the rural areas, grew by nearly 10 points to 73.5 in 2022. The government has focused on providing relief and credit flow to small business and

FMCG industry expects recovery in rural growth, consumer spending on track

The FMCG industry expects the government's special focus on the agriculture sector in the Union Budget 2023-24 would help to regain rural growth while providing more disposable income to the middle class and reviving volume growth. Terming the budget as "progressive and growth-oriented", leading FMCG companies such as Dabur, PepsiCo, Marico, Godrej Consumer, Mars, Wipro Enterprises, and Parle Products said, it has potential to revive the demand and propel long-term economic growth. "It's a positive and favourable budget, with the government's emphasis on infrastructure, technology, and entrepreneurship boosting economic growth. On the other hand, farmer-centric programmes, last-mile connectivity, and digitisation will further contribute to the FMCG sector's multiplier effect," said PepsiCo India President Ahmed ElSheikh. Dabur India CEO Mohit Malhotra said the proposal for a 33 per cent increase in overall capital expenditure outlay on infrastructure development will take India ...

States' MGNREGA under probe for potential financial misappropriation

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

Increasing work on individual land under MGNREGA a boon to rural income?

In total, around 6.41 million works under individual land has been undertaken in 2021-22 financial year, of which Bihar leads the pack.

What is MGNREGA scheme?

Amid rising cost of living and decreasing job opportunities, people in rural India are falling back on MGNREGA to earn their daily bread. Our next report tells more about this flagship scheme of govt

Are revival signs of rural economy for real or is it too early to call?

Many non-official parameters do indicate a rebound, but high inflation seems to hitting hard, eroding all gains

Budget 2022: Weak demand-led rural stress to continue for FMCG firms

The MNREGA allocation did not come on expected lines but companies expect it to get revised during the year

Cabinet nod for mobile connectivity in 7,287 uncovered villages: COAI

The Cabinet approval for provisioning of mobile connectivity in 7,287 uncovered villages across five states will help bridge the digital divide and provide stimulus to the rural economy, COAI said

Retail inflation for farm, rural workers eases marginally in August

Retail inflation for farm and rural workers eased marginally to 3.9 per cent and 3.97 per cent, respectively in August

Non-farm activities need a big push to boost rural incomes, say experts

Incomes from crop production have dropped while wages have become the mainstay for rural households, experts say

Second wave dents rural economy leading to knock-on effect on recovery

With several state governments announcing local and state-wide lockdowns, economic impact would not only dent rural households' fragile financial health, but rural consumption is also decreasing

Atmanirbhar & rural growth: Need to make all the right noises

The expenditure for total rural development schemes declined from Rs 2.16 trillion in FY21 to Rs 1.95 trillion in FY22.

Domestic steel demand seen down by 10-12% in FY21: Brickwork Ratings

In Q1FY21, finished steel production crashed by 49% and consumption by 53% compared with Q1FY20 levels

Tractor sales may grow 10-12% in FY21 due to strong rural income: Ind-Ra

Tractor sale volumes are expected to grow 10-12 per cent this fiscal over the previous year primarily driven by a strong rural income owning to solid rabi crop harvest, ratings agency Ind-Ra has said

Covid broke migration trends, led to temporary rural unemployment: Report

Labour out-migration from cities led to temporary rural unemployment, shows state finance report

Covid-19 impact: 6 months on, migrants caught between hope and despair

Lockdown bruises still fresh in their minds, it's now a fight for survival

MGNREGS funds fast drying up as demand surges amid Covid-19 pandemic

Almost 63 per cent of the increased allocation of around Rs 1.01 trillion has been spent in the first five months of 2020-21

Rural India gets a mini-public works boost

A good kharif sowing season coupled with adequate monsoon rains has raised hopes that the rural economy would prop up consumer spending and incomes