In Part 1 of our economic survey, we examined the veracity of the tall claims being made by the FM and official economists and other mainstream intellectuals
While declining food spending has been a long-term trend in CES data, this number has fallen below 50% for the first time in rural India | Latest News India
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The narrative of deepening rural distress is flawed and relies on misconstrued data about wage growth. Comparisons between different time periods fail to consider the context and statistical nuances. Nominal wage growth during the last two decades has been significant, with average wages more than doubling in the current regime. However, interpreting this data as a sign of rural prosperity overlooks important factors.