Higher income households to drive revival in consumer spending, says CMIE

Higher income households, with higher savings and better sentiments, will drive the revival in consumer spending in India, the Centre for Monitoring Indian Economy said. “India’s revival in consumer spending is likely to be driven by households that earn more than a million rupees a year when the lockdown is lifted,” CMIE said in its … Read more

Bihar’s unemployment rate on the rise, much higher than all-India average: CMIE

New Delhi: Bihar’s unemployment rate is on the rise and stood much higher than the all-India average even during the pandemic suggesting households in the state would have been severely hurt during the stringent lockdown, the Centre for Monitoring Indian Economy said. “Bihar was among the worst affected states in terms of unemployment during the … Read more

Rural employment falls, employment rate in urban India stays low

New Delhi: India’s labour market remains under stress, primarily because of a fall in the employment rate in rural India and continued low employment rate in urban India, the Centre for Monitoring Indian Economy said. “The falling employment rate in rural India and the continued low employment rate in urban India are the weaknesses in … Read more