Real rural wages expected to rise as inflation eases: Economic Survey

Survey says agriculture needs 'reorientation' in view of new challenges

Lending, banks, credit, loans, cash, income, wage, earning
Premium

Photo: Bloomberg

Sanjeeb Mukherjee New Delhi
The Economic Survey 2022-23 tabled in Parliament on Tuesday said real rural wages had contracted in financial year 2022-23 (FY23) till November due to elevated inflation. But it hoped that they would rise thanks to the easing of international commodity prices and domestic food rates.

“Nominal rural wages have increased at a steady positive rate during FY23 (till November 2022). In agriculture, the YoY (year-on-year) rate of growth of nominal wage was 5.1 per cent for men and 7.5 per cent for women, during the period April-November 2022. In non-agricultural activities, the growth of nominal wage rates was 4.7 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2023 | 7:28 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com