Indian Economic Updates : MGNREGS Work Demand Drops Amid Economic Improvement
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) declined for a seventh consecutive month in May, signaling improved economic conditions at the onset of the new fiscal year. Around 37.46 million individuals and 27.18 million households sought employment, marking a 12.1% and 14.3% decrease respectively compared to the previous year. Heatwaves and a possible temporary funding delay during elections may have contributed to the drop in demand.
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