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