Agriculture Minister Sharad Pawar said farmers tend to prefer growing genetically modified crops as they give a higher yield and there has been a significant jump in productivity.

The government’s decision to double the prices of natural gas will hurt the prospects of the consumer industries like power and fertiliser.

Rating agency ICRA said in a report the CCEA approval of the Rangarajan gas pricing formula is positive for the upstream sector’s earnings and sentiments but negative for all categories of consumers.

Analysts say any increase in diesel and kerosene prices will be positive for market sentiment.

Punjab, Himachal Pradesh and Haryana rank among the top 10 states in a report released by the RICS India and the Institute for Competitiveness.