Angus Lam News Today

Maintaining crop genetic diversity needs the involvement of farming communities, and a system for sharing the benefits with them

Global credit rating agency Standard and Poor’s (S&P) on Wednesday warned of downside risks for the Indian economy if the second wave of the pandemic persists. A long-drawn outbreak will impede India’s economic recovery and may force the credit rating agency to revise its 11 per cent growth forecast for 2021-22 if wider containment measures are re-imposed. The report says lenders’ asset quality remains strained and will hold back profitability this fiscal and banks will continue to face a...

On-going lockdown and mobility curbs coupled with fears of an extension – time wise and across more Indian cities – have led to economists tweak their gross domestic growth (GDP) projections for fiscal 2021-22 (FY22). In a recent note, those at IHS Markit suggest that they expect the Indian economy (as measured by GDP) to grow at 9.6 per cent in FY22. Maharashtra’s lockdown, it said, represents a significant dampener on growth, as the state accounts for 16 per cent of national GDP. “...