-The Indian Express “Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,” the RBI said in its Annual Report for 2019-20. The Reserve Bank of India (RBI) Tuesday indicated that the Economy which is expected to contract for the first time ever, will take “quite some time to mend and regain” the pre-Covid momentum, as the “shock to consumption is severe” and the...
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Magnets for manufacturing -Sthanu R Nair
-The Hindu Devising State-specific industrialisation strategies in coordination with the Centre will improve manufacturing Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons....
More »Explained: With better monsoon, what is the outlook for India’s farm sector? -Udit Misra
-The Indian Express More and better-distributed rainfall this year is likely to result in higher sowing, higher production, productivity and profitability for the agriculture sector. While it is clear that India’s broader Economy will contract this year, it is also true that well-distributed rainfall has meant that the agriculture sector per se may be quite productive this year. A new report by Crisil throws light on the prospects of the farm sector. Here’s...
More »For the first time, farm sector set to grow even as GDP sees a contraction -Harish Damodaran
-The Indian Express The country’s GDP registered an annual decline, at minus 5.2%, last in 1979-80. But that year also recorded negative growth for agricultural GDP, at minus 12.8%. April-June may be the first time that India’s Economy would contract year-on-year since the government started coming out with quarterly estimates of GDP from 1996-97. But the data for the quarter, to be released by the National Statistical Office on August 31, could...
More »‘No-GM’ certificate mandatory for imported food crops from January -Meenakshi Verma Ambwani and TV Jayan
-The Hindu Business Line FSSAI issues order on 24 items even as it works on regulations for GM foods Come January 1, 2021, importers of 24 major food crops will have to mandatorily declare that the products are not genetically-modified and that they also have a non-GM origin. The Food Safety and Standards Authority of India (FSSAI) has come out with this order to ensure that only non-GM food crops come into the...
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