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BENGALURU (Reuters) – India’s economic growth slipped to 4.1% year-on-year in January -March, data showed on Tuesday, dragged down by soaring prices that could make the central bank’s task of taming inflation without hitting growth more difficult. Gross domestic product grew 4.1% year-on-year in January-March quarter, the data showed, in line with 4% forecast by …

India’s economy grows at 4.1% y/y in March qtr, slowest pace in a year Read More »

By Sudarshan Varadhan and Rajendra Jadhav NEW DELHI (Reuters) – India expects rainfall in the biggest coal-producing areas of its east-central region to be below the long-term average this year, potentially easing utilities’ coal shortages as there could be fewer disruptions to mining activity due to flooding. East-central India includes the states of Odisha, Jharkhand, …

India expects lower rainfall in coal-producing areas, potentially easing power crisis Read More »

NEW DELHI (Reuters) – India’s sugar mills have so far produced a record 35.2 million tonnes of the sweetener in the current season to September 2022, the National Federation of Cooperative Sugar Factories Ltd, a producers’ body, said on Tuesday. Sugar season in India, the world’s biggest producer, starts from Oct. 1. Mills churned out …

India’s 2021-22 sugar output up 15% year-on-year -industry Read More »

By Milounee Purohit and Vivek Mishra BENGALURU (Reuters) – Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers. A lack of demand has kept …

Indian home prices to accelerate again despite higher rates – Reuters poll Read More »

By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India’s economy, as the central bank faces a finely balanced struggle to tame inflation via rate hikes without hurting economic growth, economists said. Asia’s third-largest economy probably grew 4.0% …

India’s Jan-March GDP growth seen at one-year low on weak consumption Read More »

MUMBAI (Reuters) – India’s federal government will provide educational scholarships, mental health counselling and health insurance to children who have been orphaned by the coronavirus pandemic, Prime Minister Narendra Modi said on Monday. “For those who have lost a loved one to coronavirus, the change it has brought to their lives is so difficult,” Modi …

India to provide scholarships, counselling to those orphaned by COVID-19 Read More »

By Mayank Bhardwaj NEW DELHI (Reuters) – India’s annual monsoon, which delivers about 70% of the country’s rainfall, arrived on the coast of southern Kerala state on Sunday, the state-run India Meteorological Department said, two days ahead of the usual time. The department forecast on May 13 that monsoon rains were likely to reach Kerala …

Monsoon rains lash India’s Kerala coast, two days ahead of usual Read More »