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Rural India buying less of consumer products due to falling income -Viveat Susan Pinto & Shally Seth Mohile

for at least some months The new financial year is not much cheer to companies which generate a large chunk of sales in rural India. Their chief executives say slowing economic growth and falling Rural Wages are leading to a sharp fall in demand, one that will reflect in the next few quarters. A longer winter season has delayed offtake of summer season products. A liquidity crisis is also pinching the dealers and wholesalers, unable to stock af

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Rural distress is real: Negative monthly growth of real wage rates witnessed in rural areas for 9 consecutive months, starting from November 2017

Growth in Rural Wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production o

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Rural distress deepens: Wage growth dips, non-farm jobs hit -Harish Damodaran

-The Indian Express The last five years, in other words, have seen a slowdown in Rural Wages even after adjusting for inflation, which has been far lower than during the UPA regime. Rural Wages have grown 3.8 per cent year-on-year in December, the lowest ever for this month. Together with depressed farm prices — annual wholesale inflation in December was minus 0.07 per cent for “food&rd

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Rahul Gandhi's minimum income for poor faces 3 challenges -- cost, targeting & delivery Saksham Khosla

rendra Modi administration unveils its own income support plans in the interim budget, certainly makes for good politics. But does it make for good economics? With the stress on farmer incomes and Rural Wages reaching crisis proportions, efforts to loosen the constraints on household budgets were long overdue. A targeted cash transfer holds the highest potential for being a progressive intervention compared to the other options on the table, such a

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Promising the moon, but will they deliver?

ats. Going ahead, politicians and policymakers can ill afford to ignore the acute distress in rural India, which is driven by a deflation in crop prices, lack of employment opportunities and stagnant Rural Wages. The resurrection of the Congress, which won the elections banking on populist pre-poll promises, coupled with anti-incumbency and anger among voters on the promise of “achhe din” by Prime Minister Modi, is all set to change India&

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Why are Rural Wages crawling when farm GDP growth is galloping -Gaurav Choudhury

ears. But it may still be early to open the bubbly yet.  The headline expansion rates may well be masking a rather worrying trend sprouting in the fields. Over the last three-and-a-half years Rural Wages have crawled at rates barely enough to cover rising cost of living in the countryside. During November 2014 to April this year (the latest for which data is available), the average daily wages for land tillers have outpaced rural retail inf

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Rural wage growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra data -Pragya Srivastava

e government had raised the minimum wage for non-agricultural labourers by 42%. As a result, when demonetisation hit the cash-based rural economy, it did not have a drastic effect on non-agricultural Rural Wages. In addition, the highest ever budget allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme was made in the period after demonetisation to shield the rural/informal economy from the after-effects of the regulatory move,&rdqu

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David Barkin, Professor of Economics at the Metropolitan Autonomous University in Mexico City, interviewed by Kabir Agarwal (TheWire.in)

end big money are going to spend it outside the country anyway. KA: Let’s shift our focus to agriculture. In India, for the last few years we have seen severe agrarian distress – real Rural Wages have declined, gross value added from agriculture has declined. This has led to massive protests all over the country. You have worked extensively on agriculture. How do you see the situation in India? DB: The underlying problem is that th

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PM's Irrigation Scheme Struggling, Only 10% Projects Complete

monsoon. The 8,214 projects under the PMKSY worth Rs 50,740 crores are aimed at reducing the reliance of farmers on monsoon rains. Despite the agrarian crisis that India is reeling under with real Rural Wages declining, real rural wage growth declining and gross value added in agriculture declining, the government’s efforts in implementing irrigation projects has been ‘lethargic’, according the standing committee. The DLR also

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Real rural wage growth back in negative territory

umer price inflation for rural India was 4.44% in March. That means the real rural wage growth, or wage growth after taking inflation into account, was negative during the month. In other words, real Rural Wages, far from seeing any growth, contracted from a year ago. The accompanying chart shows that this is not an isolated instance, but has instead been happening every month since November 2017. The chart shows how rural workers’

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