It is often said that the next world war will be fought over water. Perhaps more than anywhere else, the stress on the water supply is likely to be felt in India as the country’s burgeoning population is set to overtake China’s over the next decade. The world’s second-most populated country has about 4% of […]
Despite concerns about rising global inflation, India’s inflation rate is likely to remain range-bound to moderate in coming months as domestic food prices are likely to come down, economists said. However, the inflation level may remain above an optimal comfort level of around 4%. The Reserve Bank of India had recently revised its projection for Consumer […]
Walking into a coffee shop for a chat might have been a must for you, but social distancing might have put it out of bounds. That is now reflecting in consumption trends of the world’s favourite beverage. World coffee consumption is projected to rise by only 1.3% to 166.3 million bags during the new marketing year […]
Global food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to the Food and Agriculture Organization of the United Nations (FAO). FAO’s Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 113.3 points in January, marking a 4.3 percent increase […]
Global fisheries and aquaculture have been hard hit by the COVID-19 pandemic and could face further disruption in 2021 as lockdowns affect supply and demand across the sector, according to a report by the Food and Agriculture Organization of the United Nations (FAO). Fish supply, consumption and trade revenues for 2020 are all expected to […]
With covid pandemic in mind, Finance Minister Nirmala Sitharaman announced a plethora of allocations and tax incentives in the annual budget to expedite the economic recovery process. The Union Budget 2021-2022 definitely cheered investors and propelled the benchmark stock index (SENSEX) by 2,000 points, the largest in 10 months. The budget made substantially higher allocations for […]
The agriculture sector emerged as a sole bright spot in India’s economy during the current fiscal year, clocking a growth of 3.4%. But the growth needs to be sustained by treating the sector as a modern business enterprise and not just as a means of providing rural livelihood, says the annual economic survey released on […]
Chief strategist for U.S. fractional gold retailer Valaurum and former U.S. Mint Director Ed Moy spoke to Biman Mukherji of indoasiancommodities.com about how policies of the incoming U.S. President Joe Biden administration and prevailing economic uncertainty is likely to fuel gold’s rally over the medium to long term. Moy believes that the favourable conditions for gold will remain intact […]
Asia produced 1,374.9 Mt of of crude steel in 2020, an increase of 1.5% compared to 2019, worldsteel said, adding that China’s crude steel production in 2020 reached 1,053.0 Mt, up by 5.2% on 2019. China’s share of global crude steel production increased from 53.3% in 2019 to 56.5% in 2020. India’s crude steel production […]
India’s diamond industry, one of the worst-affected by the Covid pandemic, is fast regaining its lost sparkle amid a recent upsurge in spending in key markets US and China. The slide in profitability this fiscal year is now seen at -20% rather than -33% that was expected earlier, according to rating agency CRISIL. That will […]
