Urban poor bearing the brunt of high inflation: Crisil
The Hindu
Rising fuel prices remain a festering pressure point for households
The urban poor have been the worst-hit by the high inflation that has prevailed over the past one-and-a-half years, and the persistent uptick in fuel prices continues to pose a major threat for them, rating agency Crisil said in a note on Friday.
While inflation shrinks purchasing power across the board, the impact on different income classes varies with their share of spending on different commodity groups, Crisil economists D.K. Joshi and Pankhuri Tandon pointed out. They segregated the population into three groups by spending, and mapped inflation in commodities they consume.
They found that the experience of inflation was similar across income groups in rural India, but the urban poor faced a double whammy last year as well as in the first half of this year.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.