Cautioning that drought could have an adverse impact on the economy, Prime Minister Manmohan Singh assured the nation that people would, however, not be allowed to go hungry and black marketeers and hoarders would be hounded.
After the global meltdown shaved off economic growth, the drought threatens to make it worse by eating into agriculture production. [...]

India’s economic growth could slow to around 5.5 per cent in 2009/10 hurt by a poor monsoon, but rates may start rising in early 2010 as inflation expectations increase, Nomura said in a note.
Rainfall was 29 per cent below normal as of Aug. 12, government data shows. This is a concern for agriculture production as [...]

The government will announce on Aug. 27 its foreign trade policy for the next five years starting from FY10, Trade Minister Anand Sharma said on Monday.
The policy will address the problems of exporters, particularly the labour-intensive sector, he said, but did not elaborate.
“We will look at market expansion and diversification. It has to ensure we [...]