India’s economic recovery will be gradual among rising Covid infections – RBI governor

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India’s central bank governor Shaktikanta Das said on Wednesday that the nation’s economy is set for a gradual recovery as efforts to reopen businesses are confronted with rising infections of Covid-19. Addressing a webinar of the Federation of Indian Chambers of Commerce and Industry (FICCI) on the path forward from the pandemic, Das noted that some […]

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Torrential rains likely to trim output of India’s main summer season oilseed soybean

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Heavy monsoon rains have damaged India’s main summer-sown oilseed crop soybean, although the total output will still likely be higher than last year. “We think that the output could be around 105 lakh tons, instead of 115 lakh tons that we were anticipating at the start of the season,” said B.V. Mehta, executive director of […]

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Monsoon boosts top rice exporter India’s prospects

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Strong monsoon rains have buoyed top rice exporter India’s prospects amid competitive prices and expectations of a record summer crop,  a top trade official told indoasianommodities.com. Exports of premium basmati rice have notched an 11% growth between April and June. Though data is not yet available for July and August, indications are that the trend […]

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COMMENT – Monsoon’s munificence may only lighten India’s economic gloom

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The rain god’s bounty with the seasonal monsoon has lightened the sombre mood in the Indian economy, stirring hopes of a demand pick up during the upcoming festival season. After an exceptionally wet monsoon season between June and end-August that saw rainfall at 107.5% of the long period average, rains have petered out again in September. But the […]

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