He was of the view that the US is likely to become more isolationist irrespective of who becomes the country's next president. The US presidential election, he said, was unlikely to reverse what he called a long-term trend in US policy.
Chief Economic Advisor to the Government of India Dr V Ananth Nageswaran said the economy is on autopilot, bouncing back impressively after the pandemic.
Milk production is projected to grow at 6 per cent annually as against the current annual growth rate of 5.3 per cent, according to recent data on milk output.
Higher prices and shortages of farming inputs including fertilizers are likely to persist in the region, negatively impacting the agricultural sector in Bangladesh, India, Pakistan, and Sri Lanka. This will probably result in weaker harvests and exert further upward pressures on food prices in the near term, the report said.
Global merchandise trade is expected to grow at a higher 3.6 per cent in 2017, compared with 1.6 per cent…
