India’s willingness to support it are bound to fan inflation, Chakravarthy Rangarajan, who headed the

In a house tucked away in JP Nagar, a posh residential area in south Bengaluru, Kumar Rangarajan is

, economists C Rangarajan and Mahendra Dev, and Surjit Bhalla and Karan Bhasin have made poverty estimates

The government has reconstituted the economic advisory council to the Prime Minister( EAC-PM) for a period of two years with Bibek Debroy continuing to head the think tank. Former RBI deputy governor Rakesh Mohan, NCAER director general Poonam Gupta, IIM, Ahmedabad professor TT Ram Mohan has been appointed as new part time members, while V Anantha Nageswaran has been dropped. The other part-time members of the Council include J P Morgan chief India economist Sajjid Chenoy, head of Asia Pacific S

India's headline poverty rate stood between 4.5 and 5 per cent in 2022-23, a recent study released by the State Bank of India( SBI) on Tuesday showed.... Click here to follow our WhatsApp channel" Rural poverty has thus staged a significant 440-basis point decline since 2018-19 and urban poverty a 170-basis point decline post-pandemic.... " Starting with the 2011-12 poverty line estimate of Rs 816 in rural areas and Rs 1, 000 in urban areas, the new poverty line was adjusted for decadal inflat

Slang Labs, the in-app voice assistant company that pioneered the concept of Voice Assistant as a Service( VAaaS), has raised an investment from the Google Assistant Investments programme, along with 100x Entrepreneurs, Velu Murugan, Thomas George and their existing investor Endiya Partners.... “ Voice is for this decade, what mobile apps were for the last decade,-the most disruptive and democratizing technology trend that enables millions of businesses and billions of people to transact better

Basing itself on the National Health Family Survey( NHFS) for 2015-16, the NITI Aayog has said in that year one in every four people in India was multidimensionally poor.“ The headcount ratio answers the question ‘how many are poor?... That report was based on the Suresh Tendulkar methodology.... By that, those who spent more than Rs 33 a day in urban areas and Rs 27 in rural areas were not treated as poor....

Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India’s macroeconomic stability and growth, the finance ministry’s monthly economic review for June 2023 said.... It said “ the price of such stability and growth is eternal policy vigilance ”.... On wheat, the monthly review said that going forward the weather and input support were likely to increase the production in 2023, making larger quantities available for procurement....

Expressing confidence in the medium-term growth potential of the Indian economy, SP Global on Thursday projected an average annual growth of 6.7 per cent from the fiscal year 2023-24( FY24) to FY31, with capital accumulation as the main driver of this growth.... The bank suggested this growth would be fuelled by external trade and household consumption, with per capita income soaring by nearly 70 per cent to reach$ 4, 000 from$ 2, 450 over the same period.... Despite the possibility of a slowd

Poverty declined faster in rural areas during FY24 as the poverty ratio dipped below 5 per cent for the first time to 4.86 per cent from 7.2 per cent in FY23, according to a study by SBI Research released on Friday.... The report notes this decline in the rural poverty ratio is on account of higher consumption growth in the 0-5 per cent fractile, leading to a shift in the poverty line from the 5-10 per cent decile in FY23 to 0-5 per cent decile in FY24.... Adjusting for decadal inflation and t