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Demand for work underneath Mahatma Gandhi Nationwide Rural Employment Assure Scheme (MGNREGS) fell marginally in February from a 12 months earlier than, recording a fourth straight month of moderation because the broader financial exercise gained traction. About 26.21 million people sought work underneath the scheme final month, in opposition to 26.23 million a 12 months earlier, in response to preliminary information compiled by the rural growth ministry.
The info are usually revised as and when the up to date data flows in.
Nonetheless, members of 21.21 million households demanded work in February, up a tad from 21.14 million a 12 months earlier than.
The financial system will develop at a higher-than-expected price of seven.6% in 2023-24, in opposition to 7% a 12 months earlier than, in response to the second advance estimate launched by Nationwide Statistical Workplace final week. The third quarter development price of 8.4% beat analysts’ projections and pushed up the full-year forecast.
