The Consumption Riddle: Will government expenditure and a good monsoon boost the revival in consumer spending?

June 21, 2024

Ever since the Covid-19 pandemic introduced the work-from-home routine, Ramesh Sharma (name changed on request), a corporate professional living in Delhi, started spending more on his food and groceries. Sharma, 45, has always been particular about the quality of his diet. But now, he buys more organic groceries and cold-pressed cooking oils and juices even though they are costlier and add to the general inflation in his food and grocery bill. Meanwhile, domestic worker Kusum is scouting for a second-hand refrigerator for her family of five. After multiple repairs, her fridge stopped working this summer. Kusum’s husband is a driver, but they don’t have Rs 10,000 for a new fridge. Her budget: Rs 3,000-4,000 for a second-hand one. With rising expenses, buying new appliances remains a dream.

Informal sector hit by Covid 2nd wave recovered: Survey

June 15, 2024

The informal sector faced a severe blow during the second wave of the pandemic, leading to a reduction in the number of units and workers. However, a gradual recovery was observed after the July quarter of 2021, according to the findings of an official survey reported by TOI. The annual survey of unincorporated sector enterprises (ASUSE) revealed the resilience of the informal sector, with the total number of establishments increasing from 5.8 crore in 2021-22 to 6.5 crore in 2022-23, marking a growth of nearly 5.9%.

Gotta Fix Those Inequality Gaps

Rajesh Shukla May 25, 2024

Tracing the trajectory of income inequality in India since its independence reveals a nuanced landscape shaped by diverse economic policies, demographic changes, and political shifts...