Income Inequality
India's Extreme Poverty Rate Drops Below 3%, Says Data
Finance National News

India’s Extreme Poverty Rate Drops Below 3%, Says Data

Less than 3 per cent of India’s population, or 3.4 crore people, live below the USD 1.90 purchasing power parity (PPP) daily criteria for global poverty, according to data from the World Poverty Count. Further, India has seen a considerable decline in extreme poverty representing a 3 per cent decrease from 4 crore in 2023 […]

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Rising Income Outpaces Essentials Inflation, Drives Lifestyle Spending In India
Fashion & Lifestyle News

Rising Income Outpaces Essentials Inflation, Drives Lifestyle Spending In India

Lifestyle inflation, in which customers shift to higher-end items, has outpaced price increases in necessities every year since FY18. While lifestyle inflation is a reflection of demand that is often controlled by policy rates, price increases in critical goods are a supply-driven phenomena that requires focused government intervention. According to a research by the Bank […]

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