Report by Bank of Baroda found production levels of both consumer durables and nondurables were sluggish on account of high inflation & falling real incomes.
RBI’s Consumer Confidence Survey released Friday also shows that a larger share of people had cut back on essential & non-essential spending as compared to July.
Irregular rains in key tur growing areas of Karnataka, Madhya Pradesh and Maharashtra, and the open import policy is discouraging farmers from growing the pulse.
The report said that inflation in most countries soared to multi-year highs last year, driven by a rebound in economic activity and a surge in supply chain disruptions.
The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed.
Latest data shows vegetable inflation in India is driving food inflation, which in turn is raising the overall inflation rate. Fuel inflation, most affected by imports, is currently low.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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