20% of Indian households access internet for internet banking. But the adoption of digital payments still has a long way to go
The year 2016 will undoubtedly be commemorated for tectonic changes in the global and domestic environment, including Brexit, election of Donald Trump as the US president, and closer home.
7th Pay Commission: Urban households are likely to absorb 64% of the increased amount which will come from the Seventh Pay Commission award, while rural households will get only 36%
The current state of tenancy laws and the absence of properly documented land records inhibit all attempts to resuscitate the agricultural sector
For measuring the material well-being of bottom of the pyramid households, we need to follow an approach that takes into consideration both their income & expenditure…
While the government has announced a number of big impact schemes, the focus should now be on creating linkages between various departments and roping in stakeholders with different types
In Indian context, two-wheeler is less of an automobile and more of an enabler which creates a virtuous cycle of increased mobility towards generating better livelihood
Income, expenditure and saving-related indicators, when taken together, provide holistic insights into levels of household well-being
Uttar Pradesh and Rajasthan, with a large population, are pulling down other north Indian states in terms of the general well-being status of households
The socio-economic status of female-headed households is falling; they present a genuine case for affirmative action by state and central governments for improving their well-being.
Mobility enabled by two-wheelers has a significant relationship with income inequalities
The process of revitalising agriculture has begun. Now we must take action in a way that yields measurable outcomes and creates a virtuous cycle of demand, growth and prosperity
The challenge for policy-makers is to develop a holistic approach that is flexible enough to accommodate the specific needs of different districts
For every percentage point of GDP growth, there will be a spike in demand for consumer goods and services which, in turn, will boost investment, and the benefits of these will be felt across all sections of the income pyramid.
The Indian economy has come a long way, with the country’s GDP crossing the $2 trillion mark in 2014. While it took us 60 years to hit the $1 trillion figure, we added the next trillion in just seven years.
Despite the constraints, it is not impossible to collect reliable data on income, expenditure and savings.
The slogan for policy-makers this year should be Debate, Decide, Do and Deliver
During FY15, an average Indian household spent around Rs 6,400 annually on education, which is almost double the amount spent a decade ago.
Universal education, value-added skills accretion and massive growth in employment in the formal sectors should be the key focus areas
During the past decade, in terms of growth in income, the bottom-of-the-pyramid households at an all-India level—particularly those engaged in labour—have benefited the most
Unlike many other food product categories, there is still scope for growth in protein consumption in large markets in India
Policy-makers must address the issues of food security not only from the perspective of adequate quantity of food but also quality, composition and food habits.
The propensity to spend is almost identical for bottom 10% households in rural & urban areas, but there are considerable differences in spending power in case of top 10%
Those wedged between India’s welfare and market-driven economies have little social security even as they work under precarious employment conditions
There exist considerable differences between the rich and the poor with respect to expenditure on healthcare, education and communications
While superior savings tools need to be created for the self-employed, skill upgradation will help a large section of the population
Opening savings accounts can only be the first milestone in the long journey ahead