Urban poor have been the most impacted by 15-month high consumer price inflation (CPI) in July, a domestic rating agency’s arm said on Wednesday. The high-income segment in urban areas faced the lowest inflation burden, as food has a relatively low share in their consumption basked, Crisil Market Intelligence and Analytics said in a note. … Read more
Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors, Reserve Bank of India (RBI) deputy governor Michael Patra said Thursday. Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data … Read more
The digitisation drive and pandemic-induced emergence of the gig economy have led to a faster formalisation of the economy, with the share of the informal sector shrinking to just 15-20 per cent in 2021 from 52.4 per cent in 2018, according to an SBI Research report. Share of the informal economy has fallen drastically to … Read more