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Real Wages Declined for Rural Indians in 2022, a Year when the Economy Somewhat Recovered

Real Wages Declined for Rural Indians in 2022, a Year when the Economy Somewhat Recovered

published Published on : Mar 3, 2023

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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Indian banks gave more home loans than agricultural credit

published Published on : Jan 20, 2023
Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and...

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