India’s Chief Economic Advisor calls recent inflation spike transitory

A surge in onion prices contributed around 70 basis points to retail inflation that scaled a 68-month peak of 7.59 per cent in January, chief economic adviser Krishnamurthy Subramanian said, stressing that the latest spike in inflation is “transitory” and is substantially driven by volatile vegetable prices and an unfavourable base, reported Financial Express.. He […]

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Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

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INTERVIEW – LT Foods says to offer organic products directly to consumers in key markets

Ecolife products, the organic food brand of Gurgaon-based basmati rice major LT Foods, will soon be readily available in leading retail outlets in the country, a top company official said. Managing Director Ashwani Arora told Indoasiancommodities.com in an interview that the company had taken a low-key plunge in the organic foods business over two decades […]

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Organised retail sector consolidating in India while mom-and-pop format dominates – report

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Organised retail in India consolidated in 2017 with larger players expanding their presence through acquisition of regional players, the U.S. Department of Agriculture (USDA) said in a report. Modern retail valued at two percent of the total food and grocery business remains constrained by low profitability though domestic and international players are building a stronger […]

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India’s organised jewellery retailers to benefit from regulatory changes; exporters continue to face headwinds

India’s gold jewellery demand is likely to increase 17 per cent in 2017 on a bounce-back after demonetisation, India Ratings and Research (Ind-Ra) said in a report. It forecast India’s gold jewellery demand at 600 tonnes in 2017, which is equivalent to the last five years’ average. The World Gold Council (WGC) estimated India’s gold jewellery demand […]

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