February saw a big contraction, of 3.1% in rural wages. Inflation that rural labourers have had to deal with, ranged between 7.1 and 7.5% between November 2023 and February, 2024 has further added to financial distress https://thewire.in/economy/as-real-wages-continue-to-fall-rural-demand-recovery-could-take-longer
Real rural wages contracted in as many as 25 of the 27 months up to February 2024.
February saw a big contraction, of 3.1%. The highest contraction recorded before this was 2.9% in September 2022.
04/05/2024