Economists predict that the divergence between India’s industrial and service sectors will normalise in the next few quarters The Indian economy grew at an impressive rate of 8.4 per cent in Q3FY24, surpassing economists’ expectations of 6.6 per cent growth. However, it is important to interpret the headline growth figure with caution as there are […]
India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]
FMCG sector navigates muted rural demand and eyes government support in the upcoming budget for growth, innovation and healthier product incentives The rural demand has been muted over the past quarter for almost all fast-moving consumer goods (FMCG) companies. The Interim Budget that will be presented on 1 February will be a Vote on Account […]
The Delhi High Court on Tuesday reversed an earlier verdict and ruled in favour of PepsiCo, enabling the firm to claim a patent for the potato type developed solely for its Lay’s potato chips. A division bench overturned a July 2023 judgement that affirmed the termination of the patent by the Protection of Plant Varieties […]
India’s agriculture exports, presently exceeding USD 50 billion, are set to witness a significant surge, potentially doubling to reach USD 100 billion by 2030, as stated by Commerce Secretary Sunil Barthwal on Monday. Addressing the audience at the IndusFood Show 2024 in Greater Noida, Barthwal expressed confidence in the growth trajectory, stating, “I am very […]
The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on Friday. However, these are early projections for 2023-24. Improved data coverage, actual tax collections, expenditures incurred on subsidies, and data revisions made by source agencies would have a […]
India is projected to grow at the rate of 6.2 per cent in 2024, backed by a robust domestic demand and strong growth in the services and manufacturing sectors, the United Nations (UN) has said. The UN released the World Economic Situation and Prospects (WESP) 2024 report on Thursday. The report states that South Asia’s […]
The government is concerned about reduced rabi crop sowing potentially leading to heightened inflation prior to the 2024 general elections, especially with significant price hikes in cereals and pulses. As the rabi sowing nears completion, data from the agriculture ministry indicates a decrease in the area under wheat by 4 per cent, rice by 2 […]
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
Garlic has become the latest victim of price inflation in basic commodities, witnessing a nearly doubling of prices over the past few days. The escalating rates, now reaching Rs 400 per kg in some areas, are attributed to dwindling supplies. Garlic, a staple spice in Indian households, has experienced a rapid surge in prices, currently […]
