Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
By Pranav Agarwal As the COVID-19 pandemic slowly recedes from public conversation, political focus has shifted to the economic devastation it has left in its wake. Alarming statistics from the Center for Monitoring the Indian Economy indicate that only 40% of India’s 900 million-strong workforce now participates in the job market, while the Government’s Periodic … Read more
Unemployment, inflation and corruption constitute the trifecta of India’s political economy. Governments form and fall based on their performance on these key variables. The UPA government ran high consumer price inflation since 2007, topping out at nearly 12% in 2010. It also suffered an intense negative perception in terms of corruption. These two issues sank … 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