In News

 

Year

Month

OR

Event Title

 

Demonetisation: New black money window IDS-2 will do well; here’s why

Editorial | The Financial Express | December 12, 2016
Though the actual position will only be known at the end of the year, chances are the new black-money window IDS-2 will do well since, for those who have not already laundered their black money post-demonetisation, it would make more sense to give up 55-56% of it to the government instead of losing it all.
Read More>>

One in three households in India owns a two-wheeler

Pramit Bhattacharya | Mint | December 12, 2016
The proportion of car-owning households in the country was 5%, according to the 2011 census data. That proportion has more than doubled, and stands at 11% today as per the ICE 360° survey 2016. The proportion of two-wheeler owners has increased 15 percentage points to 36%, while the proportion of bicycle owners has increased 13 percentage points since 2011 to 58%, the survey shows
Read More>>

How many Indians travel?

Pramit Bhattacharya | Mint | December 09, 2016
You may think that eating out and taking a holiday trip are some of the simpler pleasures of life, but fresh data on household spending across India shows that an overwhelming majority of families in India may find such pleasures beyond their reach. Eighty-six per cent of households never take a trip, and 76% of households never eat out, according to the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ (ICE 360° survey) conducted this year.
Read More>>

Demonetisation: Bolster debate with data, not anecdotes

Bibek Debroy | The Financial Express | December 08, 2016
This is the season for quoting, and misquoting, Keynes. “When the facts change, I change my mind. What do you do, sir?” This is attributed to Keynes, though there is no actual evidence Keynes ever said, or wrote, this. However, both Paul Samuelson and Joan Robinson have attributed this to Keynes. Statements have also been incorrectly attributed to Sherlock Holmes.
Read More>>

Let the numbers speak

Bibek Debroy | The Indian Express | December 08, 2016
This is the season for quoting, and misquoting, John Maynard Keynes. “When the facts change, I change my mind. What do you do, sir?” This statement is attributed to Keynes, though there is no actual evidence Keynes ever said, or wrote, this. However, both Paul Samuelson and Joan Robinson have attributed this to Keynes. Statements have also been misattributed to Sherlock Holmes too. “Elementary, my dear Watson,” is the obvious example.
Read More>>

How Indians spends

Pramit Bhattacharya | Mint | December 08, 2016
Rural households collectively outspent their urban counterparts over the past year, according to data from a nationally representative consumer survey. Aggregate household expenditure in India 2015-16 was Rs42.2 trillion. Rural households accounted for 57% of the aggregate spending while urban ones accounted for 43%, the ‘Household Survey on India’s Citizen Environment & Consumer Economy’ (ICE 360° survey) conducted this year shows. The reference period for calculating the annual expenditure was April 2015-March 2016.
Read More>>

How Indians earn

Pramit Bhattacharya | Mint | December 07, 2016
A fifth of bread-winners in India are salaried employees, a third are labourers, and a little less than half of bread-winners are self-employed, according to fresh data from a large-scale nationally representative survey conducted this year. The ‘Household Survey on India’s Citizen Environment & Consumer Economy’ (ICE 360° survey) shows that the self-employed category is a very diverse category, including highly paid professionals as well as poorer petty traders.
Read More>>

88% of households in India have a mobile phone

Pramit Bhattacharya | Mint | December 06, 2016
When the results of the 2011 census were published, one stark finding stood out: more households had mobile phones than toilets in India. Fifty-three per cent of households had a mobile phone, while only 47% had a toilet within their homes in that year, the census statistics showed.
Read More>>

How much do Indians pay for houses?

Pramit Bhattacharya | Mint | December 05, 2016
If you thought home ownership was a sign of wealth and prosperity in India, think again. Unlike in the West, most poor people live in their own homes in India, and it is the relatively more affluent sections of Indian society that live on rent, shows data from a nationally representative consumer survey conducted this year.
Read More>>

How much the richest 1% earn and spend

Pramit Bhattacharya | Mint | December 02, 2016
The average monthly household income of the richest 1% of Indians is Rs66,627 and that of the richest 10% is Rs35,605, according to the latest data from a nationally representative survey, the Household Survey on India’s Citizen Environment & Consumer Economy (ICE 360° survey) conducted in 2016.
Read More>>