India's Economic Growth: Drastic Need for Reforms The Prime Minister's Economic Advisory Council (PMEAC) last week pegged India's GDP forecast at 6.7 percent, which is higher than last year's 6.5 percent. This prediction comes despite the fact that the year 2012/13 is expected to be a turbulent one due to a shortfall in rains that is bound to lower the agriculture sector growth to 0.5 percent. In 2011/12 the agriculture sector grew by 2.8 percent. As per the Centre for Monitoring Indian Economy (CMIE), food grain production is likely to be down by 2.3 percent, and coarse cereals and pulses production is likely to be affected more than any other crops.The reduced monsoon is likely to keep food prices higher, especially fruits, vegetable...
Fabiana is a genus of flowering plants in the nightshade family, native to dry slopes in western South America.[1] They are evergreen shrubs or subshrubs,[1] with needle-like leaves and profuse tiny tubular flowers in summer. The common name is false heath because the leaves superficially resem...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.