Despite the staggering GDP figure, the Indian rupee fell to new lows. The solid Q2 GDP report was overshadowed by FII outflows and uncertainties around the US-India trade pact, which kept the rupee trading well below the 89.50/$ barrier. The currency fell significantly from its November low of 89.49/$. Despite the spectacular Q2 GDP numbers,…
According to statistics from the Commerce and Industry Ministry, Indian exporters pushed items worth over $10 billion to the US last month alone in an attempt to avoid the reciprocal tariffs that were scheduled to take effect on April 2. It also stated that this was 35% more than the shipments reported in March of…
India’s government issued data on April 15 showing that wholesale inflation decreased to 2.05 percent in March from 2.4 percent in February. While the food index saw a further fall, the prices of manufacturing items, which make up about two-thirds of the index, increased by 3.1 percent from 2.9 percent the previous month. The central…
According to statistics issued by S&P Global on Monday, manufacturing activity in India decreased to a 14-month low of 56.3 in February from 57.7 the month before. A slight loss of momentum in new orders and manufacturing was blamed for the decline. The manufacturing PMI continues to show a strong increase in the sector’s overall…
With improved government expenditure and uneven consumption, Q3FY2025 GDP is predicted to increase to 6.4% from Q2FY25’s seven-quarter low of 5.4%, according to ICRA. The gross value added (GVA) growth rate is also predicted to show a comparatively broad-based improvement, rising from 5.6% in Q2FY2025 to 6.6% in Q3FY2025. The industrial (up 6.2% from 3.6%),…
The strength of the currency, rising US bond yields, and prospects of a dismal earnings season have caused foreign investors to withdraw Rs 44,396 crore from Indian stocks this month. According to data from the depositories, this followed an investment of Rs 15,446 crore in December. The change in attitude coincides with both internal and…
Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….
The World Bank revised its growth prediction for India, increasing it from 6.6% to 7% for 2024–2025. The announcement was made in a study titled “India Development Update: India’s Trade Opportunities in a Changing Global Context,” which was made public on Tuesday. According to the research, India continued to be the major economy with the…
The Reserve Bank of India’s “state of economy” report, which was released on Wednesday, projects that real GDP growth in India would likely reach 6% in FY25. The current estimate, which follows the upward revision of the projected growth rate for FY24 from 6.5% to 7%, is less than the 6.5% forecast in the Monetary…
The actual Gross Domestic Product (GDP) is expected to expand by 7% from 6.5% according to the Reserve Bank of India (RBI). In addition to announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das also forecast real GDP growth for the upcoming fiscal year 2024–2025. Real GDP growth is anticipated to be 7%…
