What does the wage data say about the economy?4 min read 18 Sep 2017, 11:30 PM IST
The deceleration in real agricultural wages not only confirm the worsening demand situation in rural areas but also confirm the lack of job creation in rural areas
There is now an emerging consensus that the economy is in a downward spiral with little hope of it reviving in the near future. While this is certainly evident from the quarterly national account estimates released last month, data released subsequently by other sources confirm the trend is continuing.
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