-Hindustan Times Are the June 2022 GDP numbers good or bad? What do they mean for economic growth over the rest of the fiscal year? What is the current state of economic momentum in the Indian Economy. What about the nature of economic recovery? The Indian Economy.grew at 13.5% on a year-on-year basis in the quarter ending June 2022. While the headline number looks good, and is the fastest rate since...
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Govt expects higher rice procurement of 518 LT in Kharif season despite output worries
-PTI/ Moneycontrol.com The estimates were finalised after discussion with state food secretaries and Food Corporation of India (FCI) officials in a meeting chaired by Union Food Secretary Sudhanshu Pandey here. The government fixed the rice procurement estimate for the central pool at 518 lakh tonnes (LT) for the current Kharif season, up by 1.60 per cent from the last year despite production concerns. The estimates were finalised after discussion with state food secretaries...
More »India may ban rice exports, pose risk to global supply, says Nomura
-Moneycontrol.com The world's biggest rice exporter could see lower production as sowing has been 6 percent lower than the previous season India, the world’s largest rice exporter, could ban exports amid sub-par sowing this season, Nomura said on August 30. “Will India ban rice exports? We think the risk is non-negligible,” Sonal Varma, Nomura's chief economist for India and Asia (excluding Japan), said in a note. “Following the Russia-Ukraine war, soaring maize prices prompted...
More »Abhijit Sen, Leading Economist of Indian Agriculture, Passes Away
-TheWire.in Apart from teaching at JNU, he was a member of the Planning Commission from 2004-2014 and headed the Commission on Agricultural Costs and Prices, 1997-2000. New Delhi: Professor Abhijit Sen, a leading expert on the rural Economy.and a former member of the Planning Commission, died here on Monday night after a brief illness. He was 72 years old. In an academic career spanning over four decades, Sen taught economics at Sussex,...
More »Why don’t Indian fruit sellers make it big despite good profits? Imperfect competition, says study -Nikhil Rampal
-ThePrint.in Study by Nobel laureate Abhijit Banerjee & other scholars from US, UK and Canada found that fresh produce vendors charge high mark-ups but fail to adopt competitive market practices. New Delhi: Anyone who has haggled with a thelewala or streetside vendor in India knows that they often apply big mark-ups on prices and make good margins. Yet, selling fruits and vegetables in India is generally associated with “peanuts” when it comes...
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