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Abal Jagdishbhai, a 25-year-old farmer from Lakhapar village in Gujarat, holds a damaged cotton bud. | Photo: Manisha Mondal/ThePrint

Rotting crops, unsold produce, falling incomes — How India’s hopeful rural economy has crashed

Rural economy was meant to push India in a difficult year, but a number of factors are making that difficult. ThePrint travels across the country to find these out.
tractor

SBI report says rural economy is losing steam, flags rising unemployment and fall in wages

For 12 Indian states, the loss in state GDP in the current fiscal is mainly due to the rural areas, says the research report by State Bank of India.
Another day of wait outside a branch of Aryavart Bank, a regional rural bank, in Piswan

Economists must stop looking at rural India as just labour supply tool post Covid: Yunus

Now is a good time to integrate the most crucial feature missing in the Indian micro-finance system — running it as a social business, writes Nobel Peace Prize winner Muhammad Yunus.

Income of Indian farmers is rising, but that doesn’t mean economy is out of the woods

Rising incomes of Indian farmers don’t appear widespread and non-farm workers worried about job losses aren’t spending.

Tie-up with industries, skill training, job schemes — plans states are making for migrants

UP has already sent list of over 3.5 lakh workers to industry associations while Jharkhand is planning an urban wage employment scheme.
tractor

India’s tractor industry expected to recover from lockdown ahead of others

Moves to boost rural employment will eventually lead to lesser labour availability, driving higher farm mechanisation and tractor sales, Nomura says.
File image of SBI chairman Rajnish Kumar | Photo: ANI

Rural economy showing positive signs, but lockdown must be lifted for recovery: SBI chairman

Rajnish Kumar says with economy slowing down, credit growth will decelerate, and adds that only 15-20% of SBI’s borrowers have availed of RBI’s loan moratorium.
The village of Kuragunda in Karnataka

India’s rural economy is facing its biggest challenge, and the pain is only getting worse

Rural unemployment has shot up above 20% in past 30 days & about 400 million workers in the informal economy are at risk of falling deeper into poverty.
India's rural community

Modi wanted to end MGNREGS. Now it’s his only tool to ride through slowdown

Under the Modi government, the MGNREGS has suddenly become both an indicator of rural stagnation as well as the proposed solution to it.
Daily life in India's villages | Photo: Prashanth Vishwanathan/Bloomberg

India’s rural consumption down 15%, growth reduces to less than half of 2018, says Nielsen

The Nielsen report found that the economic slowdown is worse in northern India, which has a higher dependency on the rural segment and has seen a surge in unemployment.

On Camera

Erdogan’s assault on Macron is the height of cynicism

There was a time when Turkish President Recep Tayyip Erdogan didn’t see the West as Turkey’s enemy and even wanted to join the European Union.

Turkey waging new war of economic liberation, says Erdogan after country’s currency falls

Erogan's speech follows the Turkish lira weakening to a record low of 8.3849 per dollar on Friday.

Defence

Union Defence Minister Rajnath Singh meets his US counterpart Mark Esper at his office in South Block Monday | Twitter | @rajnathsingh

Here is why US changed Rajnath Singh’s statement on ‘reckless aggression’ by China

Both the US State and Defense departments have added footnotes to the transcripts they released on Rajnath Singh’s remarks at 2+2. The State Department has also updated the text.
Illustration by Soham Sen | ThePrint

5 reasons for the crisis in global Islam

If tens of crores of Muslims across the world feel they are victims of mass Islamophobia, their holy prophet shown deliberate disrespect, it is a sense of crisis and siege.