With retail inflation still over 7%, people in lower-income groups have cut back on essentials while those who are better off are prioritizing expenses.
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Even if (a big if) the forecast turns out to be accurate, multiple other factors could play spoilsport for agriculture.
Unemployment among urban women is still way higher than any other group and the change seen in the latest survey is insignificant.
Last week, Larsen & Toubro chairman S. N. Subrahmanyan blamed welfare schemes for unavailability of labour. There are other factors in play too.