80 pc of rural households report higher consumption, 42.2 pc see income growth: NABARD

December 11, 2025 2:10 PM

80 pc of rural households report higher consumption, 42.2 pc see income growth: NABARD

About 80 per cent of rural households have consistently reported higher consumption over the last year a hallmark of rising prosperity, a NABARD survey showed on Thursday. About 67.3 per cent of monthly income is now spent on consumption, the highest share since the survey began, aided by GST rate rationalisation. This demonstrates strong, broad-based demand not sporadic or concentrated in specific segments, according to a statement from Finance Ministry. The eighth round of NABARD’s Rural E...

Skill Development Empowers Farmers to be Agri-Business Leaders, Set to Drive Rural Growth

October 6, 2025 3:38 PM

Skill Development Empowers Farmers to be Agri-Business Leaders, Set to Drive Rural Growth

In India building farmers' skills has become a crucial component for PM Modi-led Central Government, as nearly two-thirds of the population lives in rural areas and around half make their living from the agriculture. Nowadays, farmers have not to deal with just obtaining loans or seeds; rather they also have to manage changing weather patterns, maintain fertile soil, operate machinery efficiently, and come up with innovative ways to market their products. The Modi government has prioritized trai...

Morgan Stanley revises India’s GDP growth forecast to 6.7% for FY 2025-26

September 1, 2025 3:33 PM

Morgan Stanley revises India’s GDP growth forecast to 6.7% for FY 2025-26

Morgan Stanley has revised upwards its forecast for India’s GDP growth in 2025-26, citing strong April-June quarter numbers and expectations that upcoming cuts in Goods and Services Tax (GST) will boost domestic demand. The agency now projects India’s real GDP growth at 6.7 per cent for 2025-26, compared to its earlier estimate of 6.2 per cent. The upgrade follows the robust 7.8 per cent growth recorded in the April-June quarter of the current financial year. According to the report, impen...