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Retail inflation rate surged to a 15-month high of 7.44 per cent in July, primarily driven by rise in prices of vegetables, cereals, pulses, spices, and milk and products. The effect was seen countrywide. Headline inflation is likely to average above 6 per cent in the July-Sept quarter, and a rate cut by RBI seems unlikely
Large cap funds, on the other hand, witnessed an outflow of Rs 5,239 crore in the April-July period. Inflows into mid cap funds were to the tune of Rs 6,356 crore.
These findings, which are part of a report released by Lokniti-CSDS earlier this month, suggest that the youth identify challenges relating to the economy as the most significant facing the nation. The report offers insights into career aspirations, job preferences, and expectations of younger Indians.
Who are the 13.5 crore Indians that the PM said have broken out of poverty and entered the middle class? How is poverty estimated, and what is multidimensional poverty?