Category: Economy
🙏Exports see sharpest decline in 3 years; trade deficit narrows to $20.1 bn
https://www.business-standard.com/economy/news/exports-at-eight-month-low-in-june-at-22-imports-down-17-govt-data-123071400748_1.html Clipped from: https://www.business-standard.com/economy/news/exports-at-eight-month-low-in-june-at-22-imports-down-17-govt-data-123071400748_1.html Merchandise exports witnessed contraction in 21 of the 30 key sectors in June Listen to This Article India’s merchandise exports in June
Factory inflation slide further in June, reached 8 years low of (-)4.12% – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/factory-inflation-slide-further-in-june-reached-8-years-low-of-412/article67079427.ece Clipped from: https://www.thehindubusinessline.com/economy/factory-inflation-slide-further-in-june-reached-8-years-low-of-412/article67079427.ece Fall in prices of food products pushes factory inflation to eight-year low Factory inflation based on Wholesale Price Index (WPI) slipped further
🙏Exports fall 22 per cent to $33 billion in June – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/exports-fall-22-per-cent-in-june-to-3297-bn/article67079513.ece?cx_testId=28&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EX5KXF1FQK61#cxrecs_s Imports fall 17.5 per cent to $53 billion; trade deficit declines to $20 billion Exports of goods from India declined for the fifth consecutive
Big shortfalls in pulses acreage need watching – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/big-shortfalls-in-pulses-acreage-need-watching/article67081022.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/big-shortfalls-in-pulses-acreage-need-watching/article67081022.ece Chana and moong acreage has seen improvements, but tur and urad acreage has been lagging While tomatoes have been hogging the headlines,
RBI to give banks guidance to resolve rupee trade issues, says official
https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html The issue with rupee trade is that it can only work as a barter currency, the official said Photo: Bloomberg Listen to
14.07.2023–India’s trade deficit falls to $20.13 bn in June from $22.1 bn in May
https://www.business-standard.com/economy/news/india-s-trade-deficit-falls-to-20-13-bn-in-june-from-22-1-bn-in-may-123071400498_1.html Clipped from: https://www.business-standard.com/economy/news/india-s-trade-deficit-falls-to-20-13-bn-in-june-from-22-1-bn-in-may-123071400498_1.html Services exports in June were $27.12 billion, while imports were $15.88 billion Listen to This Article India’s merchandise trade deficit in June
Is US Dollar losing its edge as global reserve? | Deccan Herald
https://www.deccanherald.com/opinion/is-us-dollar-losing-its-edge-as-global-reserve-1236563.html Clipped from: https://www.deccanherald.com/opinion/is-us-dollar-losing-its-edge-as-global-reserve-1236563.html The US Dollar is at its lowest in IMF’s forex reserves. This reflects a growing mistrust in Washington’s policies, coinciding with the
Targeting exports and FDI | The Financial Express
https://www.financialexpress.com/opinion/targeting-exports-and-fdi/3165823/ Clipped from: https://www.financialexpress.com/opinion/targeting-exports-and-fdi/3165823/ FTAs and a better business environment will boost India’s shipments and FDI manifold X At a time when India’s exports face adverse
Centre spending ₹50,000 on every farmer, every year: PM – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/agri-business/centre-spending-50000-annually-on-each-farmer-through-dbt-subsidy/article67030511.ece Clipped from: https://www.thehindubusinessline.com/economy/agri-business/centre-spending-50000-annually-on-each-farmer-through-dbt-subsidy/article67030511.ece Modi mentioned the substantial budget allocated and disbursed to farmers under various schemes, emphasizing the government’s support. Prime Minister Narendra Modi on
India must recalibrate its product exports – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/india-must-recalibrate-its-product-exports/article67064948.ece Clipped from: https://www.thehindubusinessline.com/opinion/india-must-recalibrate-its-product-exports/article67064948.ece Taking cues from Vietnam and Malaysia, India must diversify from commodities to tech-related product exports India’s merchandise exports have grown from $303.5
Free Trade Agreements: India and the World – The Hindu BusinessLine
https://www.thehindubusinessline.com/books/free-trade-agreements-india-and-the-world/article67064594.ece lipped from: https://www.thehindubusinessline.com/books/free-trade-agreements-india-and-the-world/article67064594.ece The author navigates the growth of FTAs over the decades, providing the readers with a reality check on the process and nuances involved
External debt unchanged, but there are some pain points – The Hindu BusinessLine
https://www.thehindubusinessline.com/data-stories/visually/external-debt-unchanged-but-there-are-some-pain-points/article67064699.ece Clipped from: https://www.thehindubusinessline.com/data-stories/visually/external-debt-unchanged-but-there-are-some-pain-points/article67064699.ece India’s external debt statistics released by the RBI show that there has been very little addition to external debt by both government
Modi’s ‘rouble wise rupee foolish’ policy – The Hindu
https://www.thehindu.com/opinion/op-ed/modis-rouble-wise-rupee-foolish-policy/article67060537.ece Clipped from: https://www.thehindu.com/opinion/op-ed/modis-rouble-wise-rupee-foolish-policy/article67060537.ece India has been boxed into helping China in its currency supremacy A motorcyclist watches as an employee at a fuel station fills
India should move towards complete convertibility of rupee
https://www.business-standard.com/opinion/columns/india-should-move-towards-complete-convertibility-of-rupee-123070900801_1.html Clipped from: https://www.business-standard.com/opinion/columns/india-should-move-towards-complete-convertibility-of-rupee-123070900801_1.html The IDG believes that CAC is not a pre-condition for internationalisation of INR, or vice-versa, and makes several recommendations over the short-term
👍👍👍👍👍👍👍Who can dethrone the US dollar?
https://www.business-standard.com/opinion/columns/who-can-dethrone-the-us-dollar-123070900758_1.html Clipped from: https://www.business-standard.com/opinion/columns/who-can-dethrone-the-us-dollar-123070900758_1.html There is little conflict between dollar domination and Indian success Dethrone the US dollar The United States (US) was at the upper
CAD fall looks good, but can’t be end in itself – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/cad-fall-looks-good-but-cant-be-end-in-itself/article67060594.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/cad-fall-looks-good-but-cant-be-end-in-itself/article67060594.ece The changing nature of services exports suggests that the buoyancy is expected to stay The Finance Ministry’s annual review of the economy
Harness the export potential of horticultural sector – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Clipped from: https://www.thehindubusinessline.com/opinion/harness-the-export-potential-of-horticultural-sector/article67050181.ece Improving agri-infrastructure, focusing on food processing, promoting co-operatives and complying with international standards are some of the ways to move ahead According
Engineering goods exporters want FTAs with Latin America, Africa to expand market – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/engineering-goods-exporters-want-ftas-with-latin-america-africa-to-expand-market/article67048613.ece Clipped from: https://www.thehindubusinessline.com/economy/engineering-goods-exporters-want-ftas-with-latin-america-africa-to-expand-market/article67048613.ece In a strategy paper for boosting exports, propose more support for MSMEs, help in global branding, launch of domestic shipping line Engineering
The Centre’s modest FRP hikes make economic sense but leave farmers unhappy – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/the-centres-modest-frp-hikes-makes-economic-sense-but-leaves-can-farmers-unhappy/article67045905.ece lipped from: https://www.thehindubusinessline.com/opinion/the-centres-modest-frp-hikes-makes-economic-sense-but-leaves-can-farmers-unhappy/article67045905.ece Ethanol revenues should be shared with farmers Both farmers and the sugar industry are unhappy with the Fair and Remunerative Price (FRP) for sugarcane at
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