Quoting figures from the Ministry of Statistics and Programme and the Centre for Monitoring Indian Economy (CMIE), Tarigami said that the unemployment rate of 21.6 percent in J&K is the highest among all states and Union Territories (UTs) in the country.
The wholesale price index based (WPI) inflation was in the negative territory for four straight months - April (-) 1.57 per cent.
The overall monthly figure exceeded the 4.9 percent forecast by analysts in a Bloomberg survey and is the highest since October 2011.
The sharp deceleration in the rate of India's industrial output growth is also expected have an impact on investors' sentiments.
The International Monetary Fund has warned that the depreciation will jack up the prices of imported goods such as oil and petroleum products, potentially putting an upward pressure on inflation
Similarly, the prices of food articles dipped. The category has a weightage of 15.26 per cent in the WPI index.
Significantly, on Wednesday the benchmark BSE Sensex hit a fresh record high of 36,747.87 points, but could not hold on to the gains.
Indian policymakers would do well to target keeping annual retail inflation in the country in the range of 4-5 per…
The rapidly growing indebtedness of governments and mounting non-performing assets of banks, mostly in the public sector, both of which…
