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The forthcoming budget will be the last full budget of the present government ahead of the general elections to be held in mid-2024 

Budget 2023: Will this govt's last full budget be for rural India? 

Budget 2023: Is last full budget of present govt going to be for rural India?

Budget 2023: Is it going to be for rural India?

The forthcoming budget will be the last full budget of the present government ahead of the general elections to be held in mid-2024&nbsp;

Budget 2023, will be the last full budget of the present government ahead of the general elections to be held in mid-2024. UBS India believes that this budget is likely to be be rural and infrastructure focussed.&nbsp;
UBS India economist Tanvee Gupta Jain, says the upcoming budget is likely to boost rural/agriculture spending by 10 billion US dollar -- a growth of 15 per cent from the last budget and maintain double-digit 20 per cent growth in public capex over the current fiscal, given that the nation will be going to polls in mid-2024.&nbsp;
However, she noted that the government is unlikely to go beyond fiscal boundaries with its election-oriented budget and also expects the subsidy burden to ease significantly in FY24, creating more fiscal space to reallocate money towards existing rural schemes, including the rural jobs scheme MGNREGA, rural housing and roads, amongst others.
She also expects the economy to moderate further and pencils a GDP growth of 5.5 per cent for next fiscal, much lower than the consensus 6 per cent, saying the slowing global growth and delayed impact of monetary tightening, coupled with the spillover effect of an expected global slowdown in this year.
However, she also said the country's structural growth story remained intact and therefore continued to expect the domestic economy to be able to maintain potential growth of 5.75-6.25 per cent in the medium term, as she sees the government to continue with its push on capex, manufacturing and digitalisation.

Rural dependency and usage of water differ significantly from urban with greater emphasis on groundwater. But with the depletion of groundwater resources and an imbalanced water table in several regions of India, many have turned to the skies for their water needs. Aman Singh, the Chief Coordinator for KRAPAVIS breaks down the shift from traditional sources of water in light of depletion.&nbsp;

Paani: Connecting the Drops| Rainwater harvesting at the grassroots

 Nearly 80% of water use in India is in the agricultural sector, heavily impacting rural use of water. KRAPAVIS talks to us about the rural dependency on water. 

Nearly 80% of water use in India is in the agricultural sector, heavily impacting rural use of water. KRAPAVIS talks to us about the rural dependency on water.&nbsp;

Rural dependency and usage of water differ significantly from urban with greater emphasis on groundwater. But with the depletion of groundwater resources and an imbalanced water table in several regions of India, many have turned to the skies for their water needs. Aman Singh, the Chief Coordinator for KRAPAVIS breaks down the shift from traditional sources of water in light of depletion.&nbsp;

The&nbsp;unemployment&nbsp;rate in both, rural and urban India climbed up in the week ended 25 July, reversing the proceeds made in a week ago period, fresh data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.
The national joblessness rate climbed to 7.14% in the week ended 25 July as against 5.98% in the previous week ended 18 July. However, rural unemployment took a sharp upward turn to 6.75% from 5.1% a week ago.&nbsp;
In comparison, there has been a marginal rise in urban employment for the same period. Urban unemployment rose to 8.01 per cent in the week ended July 25, rising marginally from 7.94 per cent a week ago.
The situation in the country&rsquo;s job market continues to be tough as employment opportunities remain slim ever since the country was hit by the second wave of the pandemic.
&nbsp;

Joblessness rises: CMIE data shows unemployment rises in cities and villages

Jobs data paints a bleak picture for rural India as CMIE data shows sharp spike in unemployment.&nbsp;

CMIE: Unemployment rate increases in both urban and rural India 

<ul>
<li>CMIE: Rise in weekly unemployment rate in both rural &amp; urban areas</li>
<li>National joblessness rate climbed to 7.14% against 5.98%</li>
<li>Sharp rise in rural unemployment, from 5.1% to&nbsp;6.75%&nbsp;</li>
<li>Urban unemployment rose to 8.01%, the week ended July 25</li>
</ul>

The latest data from the Center for Monitoring Indian Economy (CMIE) shows that the unemployment rate in rural and urban India has increased till July 25.&nbsp;

Sharp rise in the&nbsp;unemployment&nbsp;rate in rural&nbsp;areas and a marginal jump in job losses in&nbsp;urban India in the week ended 25 July data from the Centre for Monitoring Indian Economy (CMIE) showed.
The national joblessness rate climbed to 7.14% in the week ended 25 July as against 5.98% in the previous week ended 18 July. However, rural unemployment took a sharp upward turn to 6.75% from 5.1% a week ago.&nbsp;
In comparison, there has been a marginal rise in urban unemployment for the same period. Urban unemployment rose to 8.01 per cent in the week ended July 25, rising marginally from 7.94 per cent a week ago.
The situation in the country&rsquo;s job market continues to be tough as employment opportunities remain slim as ever since the country was hit by the second wave of the pandemic.
&nbsp;

rural india

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