FICCI survey estimates FY21 GDP growth to be in negative territory

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Industry body FICCI said its Economic Outlook Survey has projected the country’s annual median GDP growth for 2020-21 at (-) 4.5 per cent. With the rapid spread of COVID-19 pandemic manifesting into an economic and healthcare crisis globally, the latest forecast marks a sharp downward revision from the growth estimate of 5.5 per cent reported […]

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Weekly Wrap – India headed for bumper agri output on good rains; gold prices fall

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With the monsoon in full swing, crop sowing in India is off to a strong start with around 43.3 million hectares already sown, significantly higher than around 23 million hectares sown last year till this week, according to government data. Last week, rainfall picked up and most parts of the country received above average showers […]

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India says wheat procurement touches record high of 38.98 million tonnes so far in 2020-21

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The government’s wheat procurement has touched an all-time record of 38.98 million tonnes so far in 2020-21 marketing year (April-March), with Madhya Pradesh surpassing Punjab as the country’s biggest wheat procuring state. The previous record was 38.18 million tonnes achieved in 2012-13. Wheat procurement stood at 34.77 million tonnes during 2019-20 marketing year. Wheat marketing […]

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