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Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion -Shiva Rajora

-Business Standard The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021 India's services activity recovered to a three-month high in November as services firms benefited from accommodative demand. New business inflows rose markedly and at the quickest pace in the last three months. The Purchasing Managers' Index (PMI) for the services sector released by credit rating agency S&P Global improved to 56.4 in November from...

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India's fabric -Sumit Roy and Murli Dhar

-The Telegraph Demand for sustainable or organic cotton on the rise, providing an opportunity for the country to excel A few years ago, images of the drying up of the eastern bed of the Aral Sea had shocked millions. It was linked to the widespread growing of unsustainable cotton, backed by the Uzbekistan government, to pocket greater forex earnings and satiate the demands of the global fashion industry. The demand for sustainable...

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PM Modi favours rural jobs guarantee scheme recast to help poorest -Saubhadra Chatterji

-Hindustan Times PM Modi had expressed concerns that the utilisation of the funds earmarked for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was skewed in favour of more affluent states instead of poorer states getting more money, two senior officials said, asking not to be named. After Prime Minister Narendra Modi flagged key discrepancies in the jobs guarantee scheme at a recent review meeting on the rural sector, the central...

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India’s agrarian sector needs a budget boost -Yamini Aiyar and Mekhala Krishnamurthy

-Hindustan Times Farm policymaking slowed down after the repeal of three laws in 2021. But the climate crisis, geopolitical instability and inflation have exacerbated the urgency for reforms In November 2021, Prime Minister (PM) Narendra Modi repealed three contentious farm laws in a dramatic turnaround. The entire episode — from the passage of the laws, the protests that followed and the turnaround — had stalled national agriculture policymaking. Yet, as this column...

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Explained: Why India’s economic growth slowed in the July-September quarter -Nachiket Deuskar

-Scroll.in The fading away of the base effect and a contraction in the manufacturing sector led to the falling numbers. India’s gross domestic product grew by 6.3% in the July-September quarter of financial year 2022-’23, the Union Ministry of Statistics and Programme Implementation said on Wednesday. This was a sharp decrease from the 13.5% growth in the previous April-June quarter. In the corresponding July-September quarter of financial year 2021-’22, the growth rate was...

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