In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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India’s coal production to surpass a billion tonnes by 2025: IEA annual report
-Down to Earth Russian invasion of Ukraine sharply altered the dynamics of coal trade, prices, supply and demand patterns India, along with China, is the world’s largest coal producer, consumer and importer. Its own coal production will surpass a billion tonnes by 2025, the annual report of the International Energy Agency (IEA), predicted December 16, 2022. Also, India’s coal consumption has doubled since 2007 at an annual growth rate of 6 per cent....
More »India’s Manufacturing Growth Slowdown a Decadal Problem -Deepanshu Mohan
-TheWire.in In India’s growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing growth. As per recent quarterly estimates, India’s growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down growth. This author has previously argued that quarterly growth estimates may not reveal the real state of an economy....
More »Apparel, footwear companies monitoring inflationary trends, some may roll back price hikes
-The Hindu Business Line Players said they have begun witnessing good demand for winter products Apparel and footwear companies said they are closely monitoring inflationary trends with some even looking at rolling back price hikes on existing range or upcoming season offerings, especially at the mass-end. Players also said they have begun witnessing strong demand for winter season-related products. This comes at a time when there has been some softening in raw material...
More »Rural demand for FMCG dips 17% in Nov as post-festive consumption slows -Sharleen D'Souza
-Business Standard Urban demand also hit, but not as badly; Overall FMCG sales decline 15.3% MoM and 2.7% YoY Rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season. Please click here to read more. ...
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