Anoushka Sawhney is a Trainee Data Journalist at Rediff.com India Ltd. She focuses on themes related to finance, financial markets, and the economy, covering topics such as capital markets, economic policy, and international trade. Anoushka's work has been featured in prominent publications including Business Standard and The Economic Times.
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India (National)
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Anoushka's coverage reveals a strong emphasis on data-driven articles related to the Indian economy, unemployment, and government announcements. Her focus is national, centering heavily around business and finance topics within India.
For effective outreach, consider providing access to credible data or analysis that can offer insights into challenges facing the Indian economy or trends in unemployment. Additionally, experts who can provide commentary on government policies or their impact on specific sectors within India would likely resonate with Anoushka's coverage area.
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By: Anoushka Sawhney
India's wholesale inflation hit a record 9.7% in May. This marks the first reading under a new Wholesale Price Index series. Fuel and power prices significantly drove this increase. Manufactured products and primary articles also saw higher inflation. The government also released new price indices for producers and services.
India's unemployment rate climbed to a high in May. Rural joblessness saw a significant rise, reaching a 12-month peak. Urban unemployment eased slightly, particularly for women. Labour force participation and employment rates also saw a moderation. Youth unemployment edged up. These shifts suggest a softening in labour market conditions.
Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.
By: Shambhavi Anand, Anoushka Sawhney
Expect higher prices for essential kitchen items like spices, eggs, and dairy. Food inflation is rising, with a potential monsoon deficit and heatwaves impacting crop yields. Economists predict price pressures to increase in the coming months. This will affect the cost of daily groceries for households across India.
By: Anoushka Sawhney
India's textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of specific items have dropped significantly. Exports of value-added textile products have nearly tripled. This initiative is helping India reduce reliance on imports and expand its global market presence in textiles.
India's core sector growth hit a seven-month low of 0.5% in May, primarily due to a significant slump in energy-related industries. Petroleum products saw their sharpest contraction in 42 months, while coal output also declined. However, robust growth in electricity generation, driven by high temperatures and renewable energy, prevented a steeper fall. Cement and steel sectors showed steady expansion, supported by infrastructure development.
By: Anoushka Sawhney
Icra: However, robust growth in electricity generation, driven by high temperatures and renewable energy, prevented a steeper fall. Cement and steel sectors showed steady expansion, supported by infrastructure development.
By: Anoushka Sawhney
India aims to double its textile and apparel exports to $100 billion by 2030, with a nationwide exercise and summit focusing on strategies for key hubs. Discussions centered on technical textiles, man-made fibers, and improving logistics. The initiative emphasizes district-led growth and value addition to bolster the nation's global textile trade presence.
India is set to launch the Index of Service Production (ISP) next month, a crucial new monthly indicator mirroring the Industrial Production Index. This initiative aims to precisely track the growth of the vital services sector, which forms the backbone of the Indian economy. The index will initially cover key areas like trade, transport, and finance, with health and education to be included later.
By: Anoushka Sawhney
India is aiming to become a global textile powerhouse, targeting $100 billion in exports by 2030. The strategy emphasizes sustainability, including recycling and environmental compliance, alongside leveraging free trade agreements. Key initiatives involve digital product passports, supporting MSMEs, and enhancing product-market strategies. The focus is on translating policy into action across all levels to boost the sector and promote 'Brand India' internationally.
