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India’s May industrial output grows 5.1% y/y on higher electricity output

NEW DELHI, June 29 (Reuters) – India’s industrial output rose 5.1% in May, led by a pickup in ​electricity growth, government data showed on Monday, while ‌growth in manufacturing moderated due to supply disruptions linked to the Middle East conflict. Economists polled by Reuters expected industrial output to ​ease to 4.5% in May, compared to a ​growth of 4.9% a month earlier. The May reading ⁠is the second under the revised 2022-23 base ​year series, reflecting the government’s shift to producer prices ​from wholesale prices for calculating factory output. KEY NUMBERS * Manufacturing output grew 5.5% year-on-year in May against

What is migration for? How national needs wrestle with a basic human desire

June 29, 2026 (Conversation) Migration debates often begin in the wrong place. They ask how many migrants a country should accept, which migrants should be prioritised and how quickly they should arrive. These are important questions, but they are not the first question. The first question is more basic: what is migration for? The answer is not simple, because migration serves more than one purpose. It’s a tool of economic management. It’s a response to demographic change. It’s part of how countries remain connected to the world. But it is also something deeper: an expression of the human condition itself.

Andy Burnham says he’ll deliver a circuit breaker to transform the UK economy if he becomes leader

MANCHESTER, England, June 29, 2026 (AP) — Andy Burnham, likely the next U.K. prime minister, pledged Monday to give away a chunk of his power by handing greater autonomy to local leaders in a “circuit-breaker” for the sclerotic British state. The former mayor of Greater Manchester also said he would move part of the prime minister’s office from London’s 10 Downing St. to northwest England as part of “the biggest rebalancing of power our country has seen.” “Growth cannot be ordered from the top down. Indeed, it can only be nurtured from the bottom up,” Burnham said in a speech

Gold rebounds Rs 1,300 after three-day slide; silver slides Rs 2,000

New Delhi, Jun 29 (PTI) Snapping the three-day falling streak, gold prices rebounded by Rs 1,300 to Rs 1.46 lakh per 10 grams in the national capital on Monday on value buying by traders. According to the All India Sarafa Association, gold of 99.9 per cent purity increased by Rs 1,300 to Rs 1,46,600 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,45,300 per 10 grams on Thursday. Bullion markets were closed on Friday for Muharram. However, silver fell for the fourth consecutive session, declining by Rs 2,000 to Rs 2,24,000 per kilogram (inclusive of

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