One of the reasons for the increasingly shrinking horizontal income gap between rural and urban and the vertical income gap within rural income classes," said the SBI Research report.
Additionally, the difference between rural and urban MPCEs is now at 69.7%, a rapid decline from 88.2% in 2009-10, mostly due to the initiatives the government has taken in terms of DBT transfers, building rural infrastructure, augmenting farmer's income, improving the rural livelihood significantly, it added.
On the inflation front, the SBI report said that based on the HCES data and using revised weights in place of existing ones in the CPI index, retail inflation in November would have come in at 5% as against 5.5%. In April-November, CPI inflation would have averaged 4.6% on the revised weights as compared to 4.9% currently.
The HCES 2023-24 data showed that urban-rural gap in MPCE has declined to 70% in 2023-24 from 84% in 2011-12. In 2022-23, the gap was 71%.
This story is from the January 04, 2025 edition of Financial Express Kochi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 04, 2025 edition of Financial Express Kochi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chinese Dam on Table for Sullivan's India Visit
AI, civilian nuclear cooperation, space may also be taken up
Microsoft to spend $80 billion on AI data centers this year
MICROSOFT CORP PLANS to spend $80 billion this fiscal year building out data centers, underscoring the intense capital requirements of artificial intelligence.
Mike Johnson Re-elected US House Speaker
REPUBLICAN CONGRESSMAN Mike Johnson on Friday was re-elected as Speaker of the US House of Representatives with a narrow victory margin of three votes.
S Korea investigators ask acting prez to clear way for Yoon's arrest
SOUTH KOREAN INVESTIGATORS again asked the country's acting president on Saturday to order the presidential security service to comply with an arrest warrant for impeached President Yoon Suk Yeol.
No jail time for Trump, suggests judge in US hush money case
Will keep fighting, says communications director Cheung
Rohit clears the air: Not going anywhere
Says those on outside can't influence when he stops playing
Border-Gavaskar Trophy: As Bumrah leaves, 'captain' Kohli calls the shots
Kohli took charge after Bumrah left bowling due to spasm
Worrying signs from the Arctic
Scientists say fires in the region could have major consequences
Introspection needed in the media
attention is paid to these two things that we seem never to get to the issues that really affect ordinary people like healthcare, education, pollution and the horrendous conditions in which most Indians are forced to live.
Dr Manmohan Singh, RIP
Few people realise that without Dr Manmohan Singh's unequivocal support the major signature programmes of the UPA could not have been launched or implemented
