This report is from this week's CNBC's"Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribeSo, even a modest change in the price of the bulbous vegetable soon becomes the talking point around dinner tables for hundreds of millions of people in the country.
The anxiety was palpable this week when the government announced limits on traders stockpiling wheat. Yet, Prime Minister Narendra Modi is stuck in a bind if he wants to gain favor with the country's farmers ahead of elections in two large agricultural states scheduled for later this year. There are signs that these cost pressures are unlikely to abate soon due to further bad weather. This week, at least 200,000 people have been affected by the floods in India's northeastern region, a key rice-growing area.
in the country. Foxconn hiring agents and HR sources interviewed by the Reuters news agency cited family duties, pregnancy and higher absenteeism as reasons why Foxconn did not hire married women at the plant. Foxconn said it"vigorously refutes" those allegations.resilient earnings growth and cash flow
The benchmark 10-year Indian government bond yield has ticked up slightly to just under the 7% mark and is back to where it was two weeks ago.
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