Consumer sentiments shot up by 6.7% in the week ended March 26, 2023, which is exceptionally high, and comes on the back of its surge in rural India, the Centre for Monitoring Indian Economy said. According to CMIE, the Index of Consumer Sentiments (ICS) usually moves by a little less than 1% in a week. … Read more
India’s unemployment rate rose to 7.83% in April from 7.60% in March, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 9.22% in April from 8.28% the previous month, while the rural unemployment rate slipped to 7.18% from 7.29%, the data showed. The highest unemployment rate … Read more
The index of consumer sentiments scaled up cumulatively by 9% in the month till September 12, driven by the middle income households in rural India and is likely to translate into enhanced consumer spending, the Centre for Monitoring Indian Economy said. Data by CMIE shows that while the overall index of consumer sentiments grew by … Read more
The unemployment rate in India bounced back in August and touched 8.3% compared to 7% in July with 1.9 million jobs lost in the country last month, mainly from the farm sector, the Center for Monitoring Indian Economy said. This has led to a dip in the employment rate from 37.5% in July to 37.2% … Read more
Of the 22.7 million jobs lost during the second wave of the pandemic, nearly 7.8 million have recovered in June after economic activity started picking up, taking the total employment in the country to 383 million last month, the Centre for Monitoring Indian Economy said. “While the improvement in employment in June and in particular … Read more
India’s statistical system is in bad shape. One aspect of this is the paucity of national household surveys. The National Sample Survey’s (NSO) latest consumption survey, ignoring the suppressed 2017-18 round, goes back to 2011-12. The District Level Household Surveys and Annual Health Surveys have not been heard of since 2013. The latest National Family … Read more
Over 10 million Indians have lost their jobs because of the second wave of COVID-19, and around 97 per cent of households’ incomes have declined since the beginning of the pandemic last year, Centre for Monitoring Indian Economy (CMIE) chief executive Mahesh Vyas said on Monday. The unemployment rate measured by the think-tank is expected … Read more
The unemployment rate shot up to 14.5% in the week ended May 16, 2021, the highest in the last one year, compared to 8% in April, the Centre for Monitoring Indian Economy said. The unemployment rate had stood at over 23% in April and May 2020 during the nationwide lockdown. “April 2021 had seen an … Read more
The raging second wave of Covid-19 has resulted in a 3.8% dip in the index of consumer sentiment in April, the sharpest fall since May 2020, said the Centre for Monitoring Indian Economy. Week-on-week the decline in the consumer sentiment index has been steeper with the index falling by 5.4% in the week ended May … Read more
The government will need to roll out a relief package worth Rs 8 lakh crore to contain hardships being faced by lower-income groups due to the economic impact of COVID-19, a report by Azim Premji University said on Wednesday. The report is based on inputs from Consumer Pyramids Household Survey, Azim Premji Foundation, and many … Read more