Much of the rural recovery story is based on the premise of agriculture doing well. Even if it clocks a growth of 2.5-3 per cent this year, it is still just around 15 per cent of the overall GDP. The non-farm sector, which constitutes a bigger portion of the overall rural economy, is now hampered by disruptions and lockdowns.
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Gold companies have started reducing production. This implies that gold prices will not go on a free fall anytime soon
Till June 30, the southwest monsoon was 33 per cent lower than normal, which is among the worst in the last five years, with 28 of the 36 meteorological divisions recording deficient rain.
The core stir issues of remunerative prices and a basic income for farmers has taken a political turn with three major agrarian states of Madhya Pradesh, Rajasthan and Chhattisgarh going to the polls in the next few months
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
Advertising whiz kids are the new entrepreneurs on the block.
The latest official numbers on the price of agricultural produce gives an idea of what's fueling the farmers' protest in Delhi.
October infrastructure output, which contributes nearly 38 per cent to the industrial output index, was up 3.2 per cent annually.
The meeting will focus on how to make the crisis an opportunity for India.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.
For many farmers, though, a bumper harvest isn't good news, as they have been forced to sell their produce, particularly pulses, dirt cheap.
Acreage of these crops is likely to fall as prices drop below MSP in mandis; area under cotton, maize may increase on better realisation
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
The main reason was that CPI inflation would likely remain below 4 per cent till July.
With RBI holding on to rates, investors should avoid longer duration funds for the near future, experts tell Joydeep Ghosh
While the positive surprise has been the high growth in agriculture, the negative surprise is in the trade, transport, hotels segment where growth came lower than expected, says Madan Sabnavis.
The highest number of jobs were created in the age group of 18-21 at 1.29 million, followed by 22-25 years of age at 1.12 million during these seven months.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.
A reversal of policy at this juncture could jeopardise the recent gains on inflation
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Higher interest rates in the US do not necessarily coincide with capital outflows.
The NITI Aayog's vice-chairman's charge holds ground.
The gains will be gradual as the measure will be executed over 12 months or so.
Unless supported by investment, any spark of a recovery could be temporary, hint economists.
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
The incoming government will have to encourage private investments, bring down cost of capital
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Gold import in the December quarter is estimated to come down.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
Softening of global commodity prices might not help much
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Else, more capital outflow and pressure on rupee likely.
Experts said the slowdown could be attributed to adjustments leading to destocking and the offering of discounts by companies as the government ushered in the new indirect taxation system on July 1.
India's balance of payments in negative territory.
Fresh investments are constrained by tepid demand.
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