Last week, the Indian stock market ended its losing streak to end the week in green. Even though the situation in the country continues to be grave, positive global macroeconomic data and vital signs of recovery fueled positive investor sentiment in the Indian markets. While markets gained almost all days of the previous week, Friday saw widespread selling – this can be attributed to India’s lacklustre healthcare system, which has failed to handle the extreme rise in Covid-19 cases.
Anyway, before moving into other updates about the market – here’s a quote of the week
Quote of the week
“Opportunities come infrequently. When it rains gold, put out the bucket, not the small bowl.”
The Big Picture
In India, infrastructure output refers to a combined index that measures the performance of 8 core industries, including steel and coal production, among others. Infrastructure output in India rose by 6.8% year-on-year in March 2021, the most since July 2018.
In India, foreign exchange reserves increased to $584.141 billion on April 23 from $582.41 billion in the previous week.
Artificial Intelligence in Indian Agriculture
Technology has taken over various industries over the past couple of years and positively changed the fortunes of the sector. Whether it be finance, healthcare or education – human beings are leveraging technology to make enterprises more efficient. One such industry that technology hasn’t yet fully taken over but soon will is agriculture.
Reports suggest that Artificial Intelligence (AI) can relieve the sector of its inefficiencies if utilised to its full potential. India is primarily an agricultural economy, and efficient agriculture is of utmost importance. AI-led use cases like enhancing soil yield, pest and drought prediction, crop management, and precision farming will help empower our farmers and uplift rural India.