After a dip in FY21 due to Covid-19-induced lockdowns, per capita GDP increased again in FY22 as economic activity picked up pace. Per capita consumption expenditure, a key indicator of household spending, also contracted in FY21, before regaining momentum in FY22. However, the government needs to boost consumption to accelerate further growth.
India suffered a year-on-year decline in the value exports in October.
Monetary policy can only hope to address future inflation, not today's inflation, says RBI deputy governor Michael Patra.
The unemployment rate in April to June quarter this year stood at 7.6%, according to the data by the 16th periodic labour force survey (PLFS).
The finance ministry has cited the rising fuel prices as a major contributor to the gap between CPI and WPI inflation in the past few months.
India suffered a year-on-year decline in the value exports in October.
Monetary policy can only hope to address future inflation, not today's inflation, says RBI deputy governor Michael Patra.
The unemployment rate in April to June quarter this year stood at 7.6%, according to the data by the 16th periodic labour force survey (PLFS).
The finance ministry has cited the rising fuel prices as a major contributor to the gap between CPI and WPI inflation in the past few months.
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