-The Hindu Business Line Retailers’ Association of India pointed out that the impact of inflationary challenges on the discretionary segment was visible Retailers posted a 15 per cent Growth in sales in November over pre-pandemic levels. According to the latest edition of Retail Business Survey released by the Retailers’ Association of India (RAI), this Growth was led by segments such as footwear, sports goods and jewellery. The industry body, however, pointed out...
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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 »Farming isn't doing as well as our GDP data suggests -Himanshu
-Livemint.com Clearly, there is much more to GDP data than aggregate estimates. The National Statistical Office (NSO) released estimates of gross domestic product (GDP) for the second quarter of this fiscal year on 30 November. Based on these, India’s GDP in the July-September quarter increased by 6.3% compared to last year, whereas the gross value added (GVA) during the same period increased by 5.6%; the manufacturing sector witnessed a contraction of 4.3%....
More »Stop PMGKAY, Release Food Grains to the Open Market -Siraj Hussain
-TheWire.in Prudence demands that allocations under PMGKAY are not extended beyond December 2022 and food grains are released in the open market. How important is professional advice to the government? This question crops up from time to time as the capability of government to deliver high Growth of 7-8% per annum is challenged. The question will be answered in two weeks from now. Dr Ramesh Chand, member, Niti Ayog and one of the...
More »Exports rise marginally at 0.6% in November, trade deficit hits 7-month low
-Moneycontrol.com Exports in April-November amounted to $295.26 billion, up 11.1 percent, while imports were 29.5 percent higher at $493.61 billion India's merchandise exports posted a marginal increase in November on a year-on-year basis to $31.99 billion, data released by the commerce ministry on December 15 showed. The rise in exports in November was a mere 0.6 percent. The latest trade numbers come after data released last month showed exports contracted 17 percent in October...
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