When one tries to gauge which really is the fastest-growing large economy, story line can change based on period chosen for study. So one should be cautious about projections for future.
The WPI is one of the two indices that measure inflation in India. The other is Consumer Price Inflation (CPI). The WPI captures prices at the level of production or manufacturing, taking into account goods traded between companies, as against the CPI that measures prices at the retail consumer...
India Business News: Economists are now predicting that the gap in the current account measure of trade in goods and services will be 1.9% of gross domestic product in the
In 2021-22, the country's goods and services exports touched an all-time high of $422 billion and $254 billion respectively, taking the total shipments to $676 billion.
One must note that the numbers of March will also be influenced by the Rs 15,446 crore investment by GQG Partners into four Adani Group companies, along with a slew of other block deals that took place during the month.
India's power consumption dipped 0.74 per cent to 127.52 billion units (BU) in March this year for the first time in 31 months, according to government data. Experts are of the view that the power consumption and demand would log higher growth rates in coming months due to forecasts of higher...
India with its waves of engineering and accountancy graduates each year may be able to provide these services to ageing US and European countries for the foreseeable future.
The Global Trade Research Initiative (GTRI) said the USD 1.6 trillion would be about 48 per cent of India's nominal GDP of USD 3.4 trillion for the fiscal year ending March 2023. The higher trade-to-GDP ratio also speaks of high trade openness which the country practices, GTRI co-founder Ajay...
India's manufacturing sector expanded at its quickest pace in three months in March on improved output and new orders, although firms shed jobs for the first time in over a year, a private business survey showed. The Manufacturing Purchasing Managers' Index compiled by S&P Global increased to...
India's foreign exchange reserves retreated from more than eight-month highs to $578.45 billion as of the week ended March 31, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. That is a decrease of around $329 million from the previous week.