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Interim Budget 2024: FM Nirmala Sitharaman may significantly enhance allocation for farm sector schemes

Interim Budget 2024: The government is likely to significantly enhance allocation for key farm sector schemes and push credit in the interim Budget to boost rural economy as growth in the agriculture sector is projected to decelerate to 1.8% in 2023-24 from 4% a year ago

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India inflation news: ET Explains: What drives consumer inflation?

Inflation in India rose to 5.7% in December, despite most categories experiencing an easing of inflation. Core inflation fell to its lowest level in 48 months, while the food index rose to its highest level in four months. The analysis of inflation is based on data from 1,114 urban markets and 1,181 villages, collected through personal visits by field staff.

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A look at what drives inflation

On January 12, the ministry released preliminary index numbers for December, which will be revised in the following month. According to the ministry, data is collected from 1,114 urban markets and 1,181 villages covering all states/UTs through personal visits by field staff of the field operations division of the NSO on a weekly roster.

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Modi government | Niti Aayog makes huge poverty relief claim, several economists raise objections

Niti Aayog’s paper claims that India is likely to achieve the Sustainable Development Goal (SDG) of 'halving multidimensional poverty' well before 2030, the release says

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Explainer: Why is rural inflation trending higher than urban inflation?

As rural households tend to spend more on food, the proportion of food and beverages in the rural basket is more than half at 54.18%, compared with 36.29% for urban areas. So, changes in food inflation tend to affect rural inflation more than anything else.

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India's Poverty Soared Pre-Pandemic, Eased in 2021 but Remained Above 2018 Levels

India's Poverty Soared Pre-Pandemic, Eased in 2021 but Remained Above 2018 Levels
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Poverty in India eased in '21, but was above '18 level: World Bank data

Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows.

While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data shows poverty shot up in India a year earlier in 2019 to 176.09 million from 151.79 million in 2018, the lowest pre-pandemic count.

India's poverty rate at 11.9 per cent in 2021 also remained higher than the 2018 level of 11.09 per cent, though easing from 14.72 per cent in 2020.

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'India's economic growth in FY24 to be above 6%'

Agencies India’s economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said. Goyal further said that a global slowdown reducing India’s export growth, geopolitics

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India's economic growth in FY24 to breach 6% on back of macroeconomic stability: MPC member

India's economic growth is expected to be above 6% in the current fiscal year due to the country's strengthened macroeconomic stability and performance, according to Ashima Goyal, a member of the RBI Monetary Policy Committee. However, she also highlighted risks such as a global slowdown affecting India's export growth, geopolitical tensions causing oil and food price fluctuations, and unpredictable weather patterns.

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'India's economic growth in FY24 to be above 6%'

India's economic growth will be above 6 per cent in the current fiscal as the country has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said on Monday.

Goyal further said that a global slowdown reducing India's export growth, geopolitics fueling oil and food prices, and erratic weather are some of the continuing risks that the country faces.

'India has managed to strengthen its macroeconomic stability and performance even in a period of large global shocks.

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