The Adani group faces challenges in the stratospheric valuations of its listed companies and allegations of the means by which they reached such levels. This has hurt the group’s credibility to raise funds through issuance of equity capital. Adani’s difficulties in raising capital could delay the long-awaited revival of the private investments cycle.
Rural India performed quite well in November. The labour participation rate inched up and the unemployment rate dropped. As a result, the employment rate increased from 37 percent in October to 37.5 percent in November 2022.
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