Inflation: Pulses put on display for sale at wholesale grocery market Khari Baoli, Delhi | Photo Credit: Sushil Kumar Verma The latest annual report released by the RBI highlights the factors and disruptors that heightened inflation levels worldwide. It also identifies the specific commodities that affected inflation across different components, like food, fuel and core … Read more
India’s exports rose 22.36% to $33.81 billion in February, led by engineering, petroleum and chemicals, preliminary data released by the commerce and industry ministry Wednesday showed. Imports grew 34.9% to $55 billion on the back of a sharp 66.56% jump in oil imports to $15 billion, widening the trade deficit to $13.12 billion. “A rebound … Read more
India’s FY22 current account deficit faces mild upside risk from high commodity prices, said Acuite Ratings & Research. The wider merchandise trade deficits pulled India’s Q2FY22 current account into the negative territory. The current account swung into negative territory with a deficit of $9.6 billion in Q2FY22 from a surplus of $6.6 billion in the … Read more
India’s macroeconomic fundamentals are much stronger, and the country is all set for robust growth on the back of structural reforms, the government’s capex push and rapid vaccination, Chief Economic Advisor KV Subramanian said on Tuesday. Briefing media on the growth number, he said the GDP data for the first quarter reaffirms the government’s prediction … Read more