Morning Digest | India sees lowest August rainfall in a century; Chinese President yet to confirm presence at Delhi’s G-20 summit, and more
The Hindu
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Core sectors grew 8% in July, but output 2.2% below June levels
All of India’s eight infrastructure industries reported growth for the first time in 14 months this July, with core sectors’ output rising 8% after a five-month high surge of 8.3% in June. While July’s performance was buoyed by a 14.9% in coal production, steel output also rose in double digits for the ninth successive month, rising 13.5% in July. Natural gas production grew 8.9% in July, the fastest pace recorded since February 2022.
India sees lowest August rainfall in a century; September is likely to be ‘normal’: IMD
Rainfall in August had been the least in over a century, with India getting 36% less rain than it usually does in the month. Of the four monsoon months, August usually sees the most amount of rainfall (25.4 cm) after July’s 28 cm. The last time India recorded such severe deficits in August was in 2005, when the shortfall was about 25% of the normal, and in 2009, when India saw its biggest drought in half a century and August rainfall was 24% less than what was due.
Chinese President Xi Jinping yet to confirm presence at G-20 summit in Delhi
With just a week to go for the G-20 summit in Delhi, Chinese President Xi Jinping has not confirmed his presence at the meeting on September 9-10, sources in Delhi and Beijing said, amid reports that he may skip the high-powered meeting. Most other leaders, including U.S. President Joseph Biden, and leaders of the U.K., France, Germany, Canada, Japan, Brazil, Indonesia etc have already confirmed they will be present, and are expected to arrive at various times on September 8. In addition, Saudi Prince MbS is likely to be given an exceptional welcome as a State guest, and will stay on for a bilateral visit on September 11.
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