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Savings hit 50-year low
As per RBI data, household debt stood at 37.6% of India’s GDP, as opposed to constituting 36.9% of the country’s GDP in FY 22
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Centre to resume quarterly jobs, migrant surveys in July
Out of the two surveys, one will capture job creation at establishments and the second on the socio-economic condition of migrants
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Over 1 crore Indians have lost their job amid second wave of Covid-19: CMIE
The labour participation rate, or the percentage of the working-age population which is in the market, has come down to 40% as of now from the pre-pan
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COVID-19 impact: Pandemic eats up Rs 13 lakh crore of household income
Economists warn of economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months
