-The Indian Express While the two-month national lockdown generally dampened spending, fast-moving consumer goods (FMCG) companies saw certain unusual trends in demand in certain product categories, company executives said. As India remained locked down in April and May to control the spread of the novel coronavirus, people bought more bread, cheese, coffee, and jams — but less fruity cakes. They expectedly bought a lot of hand sanitisers — but not so expectedly,...

-Hindustan Times Business leaders expect a normal monsoon, record sowing of summer crops, improved winter harvest and a raft of government measures to help farmers and boost rural incomes to boost demand for goods ranging from two-wheelers to tractors. Businesses are banking on a bumper harvest and high rural incomes to drive demand for goods after the coronavirus pandemic stunted growth in the country’s cities, where most of the factories and offices...

-IndiaSpend.com Bengaluru: Global economic output is expected to contract by 4.9% in 2020 owing to the COVID-19 lockdown. India announced a lockdown on March 24, 2020, which was extended over two months, and continues in pockets of states depending on the spread of the disease, which has now infected more than half a million people in the country. The lockdown impacted millions of inter-state migrant workers who form the bulwark of India’s...

-Livemint.com From an already low base, women’s employment has fallen further, and a recovery will be difficult A clutch of early studies on the impact of the lockdown on employment is showing that women’s employment could be particularly badly hit. Given India’s record low female workforce participation rates, growing child care demands, and a looming recession, researchers fear that women could be increasingly shut out of the productive economy. To estimate the impact...

-Livemint.com There has been demands for linking MGNREGA wage with consumer price index-rural (CPI-R) for an annual revision of wages based on contemporary changes in rural geography NEW DELHI: Odisha’s Keonjhar district administration on Friday said it has become the first in the country to provide higher minimum wages to those taking up jobs under the national rural employment guarantee scheme. In a post on Twitter, the Keonjhar district administration said those working...