Delayed rains and a heat wave over northern India have raised worries about whether rice production and exports from the World’s No. 1 supplier will dry up this year. But the bigger worry is not poor weather conditions, but rather a war-like situation near Iran. Monsoon rains have arrived over southern India, albeit with a […]
It would seem that even the gods are conspiring against the poor Indian farmer. If one year of scanty monsoon was not bad enough already, a delay in the arrival of the seasonal rains this year is going to hit them harder. Typically, the monsoon rains set in over southern India by end-May, but it […]
One of the brightest spots in the Bharatiya Janata Party (BJP)-led government’s tenure has been India becoming the world’s fastest-growing energy market, fuelled in no small measure by an ambitious renewable energy program. Yet, the conundrum is that 15 of the world’s country most-polluted cities are also in India—a dubious distinction that can only become […]
Few things would have probably given Prime Minister Narendra Modi as many sleepless nights prior to elections as how to please farmers, who say the demonetisation program has hurt their incomes. As he prepares to start a new five-year term after his party’s stunning election victory, he still has a tall unfinished agenda on that […]
In the heat and dust of elections, what appears to have missed the public eye is a lost opportunity worth billions of dollars for India’s iron-ore exports. Few political leaders appear to be talking about it except for those in the tiny western state of Goa, where the economy has been brought to the brink […]
By Anubhav Das For a country that is predominantly agrarian – and employing directly and indirectly – over 60 percent of its active working population, the lack of a comprehensive vision and innovation in the sector is unfortunate. Our farm output growth rate is fluctuating between 0.2 – 4.2 percent in the last five years. […]
Air travel is booming, with the number of air passengers set to double over the next twenty years. Aviation demand is particularly evident in in the Asia Pacific region, where growing economic wealth is opening new travel opportunities. Aviation accounts for around 15% of global oil demand growth up to 2030 in the IEA’s New […]
Authors: Ms. Khushbu Lakhotia, Senior Analyst, Corporate Ratings, India Ratings and Research (Fitch Group) & Mr. Jinesh Rajpara, Analyst, India Ratings and Research (Fitch Group) The recent hike by Rs. 2 per kilogram (kg) in the minimum selling price (MSP) of sugar to Rs.31 per kg could generate an additional income of Rs.30-35 billion for […]
Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of spare capacity located in the Saudi desert is the stuff of legend, taken as gospel in the world of oil. After all, Saudi Arabia is […]
The turbulence in global economic dynamics is playing havoc with precious metals, with gold continuing to be under pressure with prices once again falling below the psychological $1,200 an ounce and silver all but collapsing, touching $14 an ounce. A firmer US dollar, higher US bond yields and importantly a rising US stock market is […]
