By 2047, if political and economic reforms have their desired effect, the India income pyramid will have a smallish layer at the bottom comprising the Destitute and Aspirer groups, a huge bulge of the
The study is planned to undertake a nationwide biannual household survey for five consecutive financial years to collect the information on consumption of gold and jewellery and other related aspects.
The estimates of private final consumption expenditure (PFCE) which is a proxy for household consumption, is expected to rise in absolute terms to Rs 164 trillion in FY23 from Rs 143 trillion in FY22 and Rs 121 trillion in FY21.
The fast changing consumerism in India over the last two decades, particularly post pandemic, has made the formidable task of understanding the changing consumer contours
India has been evolving as one of the world’s most dynamic consumption environments and is expected to maintain steady, sustainable economic growth in the years to come.
Skilling has emerged as a buzz word in the policy environment. The thrust for a policy-backed Skill Development Initiative is a significant step towards realizing the potential of the Indian workforce by enhancing its skill-ability and thus employability.
DIGITAL INDIA has become the talk of the town in recent times. Indian Government launched the campaign to ensure all government services available to citizens via improved online infrastructure and increased internet connectivity.
An overwhelming majority, 87%, of people living in metros belong to the top two quintiles of India’s income pyramid but even the richest among them consider themselves ‘middle-class’, says ICE survey
Rise of rurbanism One of the major reasons for the changing structure of rural India is the impact of urbanisation. Migration to the cities in search of work has primarily meant a two-way transfer of resources.
The so-called middle class, which is actually India's richest 20% of households, accounts for 36% of consumption expenditure...
Based on household-level data on occupation and income, a calculation for helping citizens get to their feet
A substantial share of the population is still at skill Levels 1 and 2 (86%), and is therefore earning comparatively much lower than those with skill Levels 3 and 4...
By applying the ISCO-08 concepts to the ICE360° Survey, and classifying skill levels, we can better understand the connection between earnings and quality of labour force...
A majority of Rich India considers itself to be middle class; a third of those actually in the middle of income distribution pyramid consider themselves to be poor...
Just as non-cash shouldn’t mandatorily be imposed, neither should cash. Why has this not figured on a reform agenda between 2004 and 2014, or much earlier?...
Though the actual position will only be known at the end of the year, chances are the new black-money window IDS-2 will do well since, for those who have not already laundered their black money post-demonetisation, it would make more sense to give up 55-56% of it to the government instead of losing it all...
This is the season for quoting, and misquoting, Keynes. “When the facts change, I change my mind. What do you do, sir?” This is attributed to Keynes, though there is no actual evidence Keynes ever said, or wrote, this...
The discussion on the fall in employment after the November 8 demonetisation relies on anecdotal evidence. It is not backed by data...
Rural households collectively outspent their urban counterparts over the past year, according to data from a nationally representative consumer survey...
A fifth of bread-winners in India are salaried employees, a third are labourers, and a little less than half of bread-winners are self-employed, according...
98% of the top percentile own either a car or a two-wheeler, shows a PRICE survey on India’s consumer economy...
Middle India is largely rural and uneducated, shows the ‘Household Survey on India’s Citizen Environment & Consumer Economy’...
For measuring the material well-being of bottom of the pyramid households, we need to follow an approach that takes into consideration both their income & expenditure...
While the government has announced a number of big impact schemes, the focus should now be on creating linkages between various departments and roping in stakeholders with different types of expertise...
In Indian context, two-wheeler is less of an automobile and more of an enabler which creates a virtuous cycle of increased mobility towards generating better livelihood...
Income, expenditure and saving-related indicators, when taken together, provide holistic insights into levels of household well-being...
Uttar Pradesh and Rajasthan, with a large population, are pulling down other north Indian states in terms of the general well-being status of households...
The socio-economic status of female-headed households is falling; they present a genuine case for affirmative action by state and central governments for improving their well-being...
