Rural consumption in India’s FMCG sector has surged ahead of urban consumption for the first time in nearly five quarters. According to a report, rural volume growth spiked by 7.6% YoY in the March quarter of CY24, outpacing urban growth at 5.7%. This growth trajectory reflects evolving consumer behaviors and...
Prof. Brajesh Jha, Institute of Economic Growth, asserts that labour shortage is a critical issue to be tackled for strengthening India’s agriculture sector. He suggests that the non-agricultural sector in the rural hinterland must be strengthened for enough off-farm opportunities for agricultural workers (landholders) to improve their viability IBT: We...
Prof D. Tripati Rao, IIM Lucknow opines that India needs to swiftly move from fiscal “Band-Aids” to counter-cyclical fiscal boosters to prevent the economy slipping into a stagflationary spiral with a permanent loss of potential GDP. IBT: India’s GDP decline in the June quarter by 23.9% has been worse than projections....
Prof Jeevant Rampal, IIM Ahmedabad, supports the argument that after safety has been ensured to the extent possible by improving health facilities rapidly, India can bounce back economically using expansionary fiscal measures financed by higher fiscal deficits. IBT: Post-lockdown, India is seeing some positive trajectory in numbers pertaining to unemployment...
Prof Viswanath Pingali, IIM Ahmedabad, cautions that if India continues with stringent measures to control the pandemic, we may not be able to ensure livelihoods for much longer. He also supports urgent measures to boost demand side growth in the economy, primarily in the form of cash in hand and...
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