KHARIF CROP IMPACT

Microfinance loan delinquencies are rising due to political events, weather disruptions, and excessive lending. Rural households prioritize food and secured loans over microfinance amidst job losses and high food inflation. Industry executives antic...

Market research firms have reported that urban FMCG consumption growth had slowed to nearly 2-3% in the first half of 2023, against 5-6% in the previous year.

Onion prices are currently at a five-year high. Export demand and monsoon-delayed harvests are keeping prices firm. The Lasalgaon market sees onions trading between Rs 15/kg and Rs 53/kg. Exports are up 50%. Nafed is selling onions from its buffer s...

In its monthly economic review, the Finance Ministry highlighted that geopolitical factors will continue to affect domestic inflation and supply chains, despite an expected moderation in the prices of key food items. The economic review said trends ...

Despite festive spending and a recovering agricultural sector boosting the Indian economy, rising inflation threatens to undermine growth, particularly in industry and exports, according to RBI researchers. While financial markets experience correct...

India's economic growth is expected to moderate to 6.5% in the second quarter. This is due to heavy monsoon rains and weaker corporate margins. However, government capital expenditure and kharif sowing have shown positive growth. The industrial sect...

Indian corporate earnings are expected to rebound in the second half of FY25, driven by increased government spending, a strong agricultural harvest, and growing rural demand, following a lackluster first half impacted by reduced spending and weathe...

A Crisil report reveals vegetable thali costs surged 20% in October 2024, fueled by soaring vegetable and cooking oil prices, particularly during festivals.

Onion prices in India have surged to a five-year high due to heavy rainfall damaging crops and delaying harvests. This price increase, along with rising costs for potatoes and cooking oil, is expected to impact inflation data for November.

Potato prices are expected to stay high until December due to delayed sowing in Uttar Pradesh caused by untimely rains. In addition, Cyclone Dana has damaged paddy crops in West Bengal and Odisha, driving rice prices up by 15% after the removal of e...

India's 2024 monsoon, the heaviest since 2020, brought both relief and chaos. While aiding recovery from last year's drought, the excess rainfall damaged summer crops, contributing to inflation and economic strain. Challenges persist as the country ...

Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme fell for the 11th straight month in September compared to a year earlier. This decline is attributed to strong economic activities, new job opportunities, and favora...

The Finance Ministry's monthly economic review suggests a positive outlook for inflation, attributing it to benign core inflation, good monsoon, and healthy Kharif crop sowing. Despite potential regional rain distribution issues, rural incomes and d...

The finance ministry anticipates steady economic growth in the coming quarters, driven by increased public expenditure and a strengthening rural economy. Despite a current slowdown in urban auto and FMCG sales, the festive season may boost demand. T...

Fed rate cut: The Reserve Bank of India may consider a rate cut by February 2025, following the US Federal Reserve's recent 50 basis points rate cut. Despite expected inflation spikes, India's CPI inflation is projected to remain within the RBI's ta...

India is experiencing one of the wettest July-August periods in three decades, with rainfall totals expected to surpass the long-term average. Enhanced monsoon rains are beneficial for kharif crops and soil moisture. La Nina, initially forecast for ...

With La Nina getting precedence going ahead, excess rainfalls could result in crop loss and thus a negative impact on food prices, SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Advisor, said. Theoretically, La Nina brings...

Delayed monsoon raises concerns over kharif crop cultivation, with only 10% of soyabean area sown in Madhya Pradesh. Farmers in West Bengal and Uttar Pradesh await rains for paddy. Pulses traders are worried about tur and urad crops amid intense hea...

Amid ongoing impacts of climate change, scientists have been warning us that not all ‘above-normal’ or ‘normal’ monsoon seasons turn out to be good for the economy. The inter-seasonal and spatial variations of southwest monsoon rains tend to have a ...