New Delhi [India], May 31 (ANI): Chief Economic Adviser KV Subramanian on Monday said that foodgrain production is expected to reach record levels this year given the prediction of normal monsoon by the IMD and noted that the demand in rural India has been resilient.
The Meghalaya government on Friday extended the total lockdown in the East Khasi Hills district by another week. Tynsong however informed that there will be some relaxation during the extended lockdown period
India Ratings and Research (Ind-Ra) has said that Covid 2.0 s impact on the economy in the current financial year will be felt more through loss of demand impulse than supply-side disruptions. Besides, the loss of demand-side impulse is expected to be more pronounced in rural areas than in urban areas, notwithstanding the forecast of a near-normal monsoon this year. Covid 1.0 was largely an urban phenomenon despite the large-scale reverse labour migration. Ind-Ra said what saved rural areas was timely arrangements state governments had put up to quarantine migrant labours before letting them enter their homes and intermingle with the local population.