The low base of March 2020, when the data was computed with a low response rate due to the nationwide Covid lockdown, also contributed to a spike in inflation in March 2021.
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among world’s billionaires.
Rising commodity prices may push the current-account into a deficit, while the RBI’s quantitative easing is seen adding to the liquidity glut, worsening the rupee’s woes.
Study conducted by Women’s World Banking finds that fintech firms in emerging markets are missing out on an opportunity to reach 1 bn new customers.
It’s an ominous sign for India, where fuel consumption still hasn’t fully recovered from last year’s national lockdown that saw oil demand fall to the lowest since 2007.
Mobility of people across various Indian cities has fallen sharply, economists say, as country battles a second wave of Covid and surge in lockdowns.
Hamleys plans to quadruple its outlets to more than 500 in 3 years in India & add stores from Europe to South Africa and China, says Darshan Mehta, CEO of Ambani’s Reliance Brands Ltd.
The rate of price rise in the food basket accelerated to 4.94% in March. Meanwhile, manufacturing sector output declined by 3.7% and mining output slipped 5.5% in February.
The partnership marks the entry of Adani into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is Amazon & Reliance Industries.
Duvvuri Subbarao said a consequence of the pandemic has been the sharpening of inequalities. Growing inequalities can erode consumption and hurt long-term growth prospects, he said.