Page 4 - Cmie

Households liked the Union Budget

While equity markets react to budget announcements in real time, households we believe, take a little longer to digest it. Households are not as cued in as financial markets are

Omicron a flash flood, not a wave, economic recovery remains strong: RBI

Infection surge due to Omicron has dented recovery only temporarily

How India affords a falling LPR

We find that the fall in LPR since 2016 has been accompanied with a fall in the proportion of households where more than one person is employed

Households have not recovered

Economic growth is supposed to deliver on these counts and not just on tax collections or freight movement or foreign trade

Here's how India's gig economy and its $5-trn goal by 2025 are connected

By upgrading or augmenting skills, equipping modern tools for better efficiency, people at gig jobs can earn more, some becoming even micro-entrepreneurs

Avert hunger: Continue free rations and MNREGA jobs

At a time like this when the poor are barely beginning to get their household economy together, any weakening of their twin lifelines - free rations and MNREGA - would be grossly insensitive

Employment increases in rural India

In all the major labour market metrics, it is rural India that shows big improvements. Labour conditions improved in urban India also but not as much as they did in rural India

Employment increases by 8.5 million in September, shows CMIE data

The employment in salaried jobs increased to 84.1 million in September from 77.1 million in August

Capex plans snap growth trend in Q2, new projects down 59%: CMIE data

Investments are down over June 2021, as well as over September last year

Employment recovery for salaried class excruciatingly slow: CMIE

The recovery in employment after the pandemic-induced disruptions has been uneven, with job losses being concentrated among salaried employees and entrepreneurs

Middle-class rural India holds a promise

Unless a disruption erupts again, rural India seemed poised to help a recovery in consumer demand

From farms to the kitchen sink

Excess or seasonal labour released from agriculture usually finds its way to construction sites. In the circumstances labour seems to have found employment in the household sector

Women need a better deal

The literature, say the authors, has focused on supply-side constraints that prevent women from entering the labour markets

Migration from factories to farms, a sign of distress

The government's Periodic Labour Force Survey (PLFS) report shows a sharp increase in employment in agriculture from 42.5% of the total employment in 2018-19 to 45.6% in 2019-20

Subdued sentiments threaten recovery

The index of consumer sentiments fell by 1.5 per cent in June 2021 after having fallen by 10.8 per cent in May and 3.8 per cent in April 2021

New projects drop 13% sequentially in June quarter due to Covid: CMIE data

Value of completed projects halved to Rs 50,000 crore; Figures are 70-95% on YoY basis because of national lockdown at the time

Mobility is not enough

It is possible that the mobility indices have moved because of the relaxations. Labour participation rates have improved

Indian labour market now in worst condition since Apr-May 2020: CMIE

The employment rate continues to worsen amid the second wave of Covid-19

No green shoots: New investment projects fall in FY21, lowest since FY05

In FY05, this level was a part of the increasing trend witnessed since FY03

Can the rich help?

The recovery cannot be investments-led because most enterprises are nursing excess capacities