Economy

For the first time in modern India, the average household expenditure on food has fallen below 50% of the monthly expenditure. According to a survey on the changes in India’s food consumption, food purchases made 53% of the total expenditures rural households made in 2011-12, which came down to 46.5% in 2022-23.

A group of the world’s top economic experts in Europe and the US were polled for their views on the global economic fallouts of Russia’s invasion of Ukraine in 2022, and most of them had similar views as most of us – high inflation, slow growth, challenges to food and semiconductor production, shipping woes, and […]