In combination, the three macro-indicators could support already high inflation across many countries by making goods and fuel imports costlier, and disrupt capital flows across the globe, imposing more hardship on debt and current account-stressed countries.
Urban-rural consumption gap closes further in 2023-24
Consumption inequality between rural and urban India decreased in 2023-24, with notable increases in Monthly Per Capita Consumption Expenditure (MPCE) in both areas. Non-food items