Rural Index

Inflation expectations dip across households

The weightage of food items now stands at 57.8 per cent for agricultural labourers and 56.6 per cent for rural labourers, down from 69.2 per cent and 66.7 per cent respectively

The regulator last month had formed a 24-member committee, headed by Devasia, to develop an affordable, accessible and comprehensive cover - Bima Vistaar -- for rural population

Volumes decline 3.6%; urban areas sustain at 1.2 %: NielsenIQ

Incidence of multidimensional poverty declined from 55.1% in 2005-06 to 16.4% in 2019-21

Economic research think-tank Centre for Monitoring Indian Economy (CMIE) has estimated that labour participation rate (LPR) was higher in rural India during the period January to April 2022. LPR, defined as the number of persons of the labour force employed as a percentage of working age population, is 40.9 in rural India as compared to 37.4 in urban India during the period January to April 2022. According to CMIE, the percentage of LPR among urban male is much higher at 64.2 per cent as against 6.7 per cent among urban female. During the period unemployment rate in India was 7.43 per cent, with 7.8 per cent in urban India and 7.2 per cent in rural areas. CMIE said that a society where a large proportion of the adult population join the labour force and are mostly gainfully employed, is one which is free from economic vulnerability. Such a society automatically motivates households to spend more to improve the quality of life and in the process it propels economic growth and more

A slew of govt measures is driving sector's revival; however, demonetisation has worked as a speed bump