Is finance minister’s optimism about sustained rapid growth warranted? Govt programmes should be expected to generate some momentum, but macro-economic numbers aren’t encouraging.
Traders say the spurt in prices is the result of several factors, including surging fuel prices, crop damage in heavy rains, as well as festive demand.
Rising vaccination rates & declining Covid cases are fueling optimism that people are more willing to spend this year. Consumers are now turning to installment plans from retailers.
Survey by LocalCircles says the rise indicates the 'economic uncertainty that was prevailing in May at the peak of second Covid-19 wave has greatly reduced'.
According to a survey by LocalCircles, only 29 per cent respondents bought Chinese products this year, which is a 19% decline compared to the purchases made last year.
The Calcutta High Court Monday directed the state government to declare all pandals 'no-entry zones', calling for the erection of barricades around them.
Production and inventory levels are up. However, traders expect this season to see change in purchase patterns amid the pandemic and missing Chinese goods.
Covid management is near collapse in most residential societies. With Mamata Banerjee govt washing its hands off, things can only get worse in the festive season.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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