Economic Times Unilever global chief executive Alan Jope said high inflation impacted demand from low income consumers in Indian villages even as growth remains stronger in cities. "The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes," Jope said during its...

-The Hindu How are other export-dominated countries faring? Why is the government optimistic that domestic demand will counter the effects of declining exports? The story so far: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit...

-The Telegraph In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a research note.   In the report, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank...

-The Telegraph Uncle of young migrant worker flying in with body ‘at own cost’ Calcutta: A 17-year-old migrant worker from East Burdwan’s Purbasthali died in Gujarat’s Morbi bridge collapse that has claimed at least 134 lives since Sunday evening. Habibul Sheikh, 17, a high school dropout, who went to Morbi to work at his uncle’s jewellery shop 10 months ago, visited the “hanging bridge” in Morbi with four other migrant workers from Bengal...

-Reuters, PTI/ The Telegraph TV footage showed dozens of people clinging on to the cables and twisted remains of the collapsed structure as emergency teams struggled to rescue them Morbi: The death toll in Morbi suspension bridge collapse in Gujarat rose to 130 on Monday with rescue personnel recovering more bodies from the Machchhu river, a police official said, reports PTI. At least 60 people were killed when a pedestrian bridge over a...