business environment

India’s industrial output contracts for the first time in four years

The contraction was mainly on account of a 0.4% fall in the manufacturing output.

India’s factory output slipped into a negative zone in June owing to a decline in the manufacturing sector, the Index of Industrial Production released by the government indicated on Friday. The national factory output hit a two-year low and contracted by 0.1%.

Fifteen out of 23 industry groups from the manufacturing sector reported negative growth in June this year, the official release said. The output had seen a 2.8% rise seen in the month of May.

The Index of Industrial Production maps the economic activity in the country and it is compiled through questionnaires sent to industries at the end of each month asking about their production data. The government recently changed the base year of the index from 2004-05 to 2011-12 and the methodology used to derive the final numbers.

However, economists believe that even after the new methodology the index is not a perfect representation of the actual activity in periods of low wholesale inflation. The latest IIP numbers clearly show lingering negative impact of demonetisation on the economy, Sunil Kumar Sinha, Principal Economist, India Ratings and Research wrote in a note on Friday.

“This clearly points towards the lingering impact of demonetisation on the industrial sector and demonstrates that impact of demonetisation has been far more severe than anticipated earlier. Not a good news for industrial sector in particular and in general for the economy,” Sinha wrote.

We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Inspiration for the lazy, the casual and the gourmet home chefs alike

Discover, or rediscover the daily delight in food, one ingredient at a time.

It is known that home chefs can be arranged in a pyramid - the lazy ones at the bottom, the casual cooks in the middle and the gourmet experts at the top. While the challenges differ with each level, great solutions exist to make every meal an experience, regardless of the kind of cook you are. This guide to creating delightful food has something for everyone.

The lazy, hassled home chefs

You can ease into cooking by putting together meals that require minimal technique. Salads are a good place to start. Experiment with seasonal and exotic fruits and vegetables, tender vegetables and herbs, and artisanal breads as sides for a fresh, healthy and surprisingly gourmet experience.

Don’t be dismayed if you’re a non-vegetarian. There are still meals that require next-to-no prep. Think sausages that can easily be fried or grilled and cold cuts that pack a flavour punch. Health-conscious people can look for additive-free, preservative-free meat, bromate free bread and produce from free-range farms for assurance of quality. For variety, you can even put together a great Middle Eastern platter with fresh hummus and other dips.

For the casual cooks looking to impress

So, you can cook a decent meal but are looking to give your food that X-factor? To liven up regular dishes, experiment with superfoods which make your meals nutritious and novel. Try combinations like oats chila, quinoa or couscous upmas or a sprinkle of chia seeds in your breakfast pudding. Look for quality imports and efficient distribution for maximum retention of nutrients in superfoods.

Skilled enough to host people? An upgrade from basic ingredients is the most visible sign of your culinary progression. Experiment with exotic herbs like parsley, rosemary and sage as garnishing for intriguing flavours in your soups and salads. For lip-smacking desserts, use exotic fruits like kiwi, dragon fruit, acai berries and rambutan – your guests will be delighted.

For the perfectionist gourmet chefs

You’re quite the culinary expert in your circles, but want to leap to the next level? At the core of a successful gourmet creation lie the best ingredients. Seek a delicatessen which gives you only the freshest and most diverse range of ingredients. You’ll notice the difference in flavours as you move from garlic powder to actual garlic, and from chilli powder to real paprika in your preparations.

From the basic to the exotic, whatever ingredients you seek to implement the tips we just gave you are available at Godrej Nature’s Basket, the best store for fresh, quality ingredients. As the video below shows, their online and offline stores source and serves a wide variety of foods - fruits & vegetables, authentic delicatessen, the finest meats, irresistible bakery products, ready-to-cook sauces, healthy snacks and more.

Play

Health-conscious people can also be assured of unmatched quality. You can choose from pesticide free offerings, organic fruits and vegetables, steroid-free meats, first catch of the day fish and seafood, bromate free bread and the best dairy and cheese from all over the world.

With their collection of hors d’oeuvre, artisanal breads, confectionary and desserts, there’s really no limit to what you can achieve daily in your kitchen. What’s more, all these high-quality products come at great, affordable prices.

To elevate your cooking and discover a world where food is a delight every day, click here.

This article was produced by the Scroll marketing team on behalf of Godrej Nature’s Basket and not by the Scroll editorial team.