Wednesday, 17 August, 2022
TopicConsumption slowdown

Topic: Consumption slowdown

MGNREGS hits record with 3.1 crore families seeking work in May. It’s a cry for help from Bharat

From a record-breaking number of households demanding work under the MGNREGS to the stark decline in consumption and FMCG sales — all signs point to a rural livelihood crisis.

Corporate India has never had it so good, but under-consumption continues to undermine economy

It’s hard not to link this problem with growth of income inequality in recent times. Far too many are earning far too little to support consumption growth of the kind economy needs.

Five charts that show how bad things are for Indian consumers

With consumption making up around 60% of India’s economy, the slump is weighing on Asia’s third-largest economy, which is on track for its first contraction in more than four decades.

Maggi, fridge, clothes, mobile data, booze — nothing is selling in slowdown-hit rural UP

Kids are denied lunch and weddings are austere as rural consumption takes a beating due to economic slowdown. ThePrint travels through UP to meet people caught in the crisis.

Cardboard blinders to drown out political, economic woes & Nitish Kumar’s BJP umbrella

The best cartoons of the day, chosen by the editors at ThePrint.

India’s fiscal deficit seen jumping to 3.7% this year after stimulus to economy: Fitch

Modi govt decision to cut taxes to boost growth will lead to India missing its fiscal deficit target of 3.3% of GDP, Fitch ratings said in a report.

Yamini Aiyar on labour market challenge & Omkar Goswami on tackling poor demand

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Cars and shampoo tell the story of India’s consumption slowdown

The pullback in spending on everything from shampoo to cars & travel has hurt growth, predicted to have slowed to the weakest pace since mid-2017.

On Camera

YourTurn

Pakistan: Imran Khan's Instagram account hacked, doubious crypto link posted

Imran Khan’s becoming costly for Pakistan govt. But army won’t completely remove him from scene

Imran Khan is so tuned into Pakistan’s domestic politics, he sees foreign policy more as a ploy. That’s why he can surprise his rally audience with a Jaishankar video.

India’s ‘salaried class’ shrank during Covid, Muslims hit hardest, govt data suggests

India’s salaried class shrank by 2.7 percentage points during pandemic, govt’s Periodic Labour Force Survey (PLFS) shows. But data for religious minorities, women is even bleaker.

Defence

The two frigates under construction at Yantar shipyard in Russia | Snehesh Alex Philip | ThePrint

Not dependent on Ukraine for engines, want to be part of Make in India initiative, says Russia

India had procured gas turbine engines from Ukraine & handed over to Russia to install them on the Admiral Grigorovich-class guided-missile stealth frigates being made for the Navy.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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