Total Matching Records found : 2226

Unseasonal rains and hail damage crops in India - Mayank Bharadwaj

Reuters Unseasonal rains and hailstorms have damaged ripening, winter-planted crops such as wheat in India's fertile northern, central and western plains, exposing thousands of farmers to losses and raising the risk of further food price Inflation. Torrential rains on Sunday and Monday lashed Punjab, Haryana parts of Uttar Pradesh, and Madhya Pradesh state, which account for the bulk of wheat output in India, the world's biggest producer after China, flattening crops and...

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Rural Consumption Stays Sluggish; Weather poses risk to recovery - Gireesh Chandra Prasad

Livemint While India staged a double-digit rebound in household consumption in FY22 which is set to expand at over 7% this fiscal, experts point out that India’s consumption story has a weakness — rural folk tightening their belt in the face of Inflation.  The silver lining is that the worst may be over, unless El Nino conditions disrupt the arrival of the rains and dampen a consumption revival, experts said. Gross domestic product...

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Real Wages Declined for Rural Indians in 2022, a Year when the Economy Somewhat Recovered

The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price Inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022.    What happened to rural incomes in 2022? An...

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Oct-Dec Quarter GDP slows to 4.4% as manufacturing shrinks - Tanya Krishna

Financial Express India's gross domestic product in the October-December, 2022 quarter is estimated to have grown at 4.4 percent year-on-year, slowing down from the previous two quarters, and a tad slower than expected, mainly as manufacturing activity took a hit, and favourable base faded away, government data showed on Tuesday. India’s GDP at constant prices in Q3 of FY 2022-23 is estimated at Rs 40.19 lakh crore, the Ministry of Statistics...

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Government sells Rs. 900 crore of wheat to counter food price spike - Ravi Dutta Mishra

Food Inflation rose sharply to 6.19% in January from 4.58% in December, led by rising prices of most segments The union government on Wednesday sold 385,000 tonnes of wheat worth ₹901 crore in the open market, in the second round of a planned auction of three million tonnes it plans to offload from the central pool to counter rising prices of the key foodgrain. The move assumes significance as India’s retail Inflation...

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