According to a survey of 15 economists, India’s Consumer Price Index (CPI)-based inflation likely dropped to a five-month low of 4.8% in October from 5.02% in September, mostly because of the statistical effect of a high base and a reduction in the prices of important vegetables. Thanks to a positive base effect, core inflation is…
Based on robust internal fundamentals and low inflation forecasts, India’s major economy will continue to grow at the fastest rate in the world in the 2023–24 fiscal year, according to a report released by the finance ministry on Monday. The Monthly Economic Review’s September issue also noted that recent events in the Persian Gulf have…
Based on the long-term positive outlook for the Indian economy and a strong focus on emerging areas like technical textiles, home furnishings, specialized fabrics, and fashion apparels, the market for Indian textile and apparel manufacturers may reach the $ 350 billion mark by 2030, according to a report. According to a survey by FICCI-Wazir Advisors,…
India’s foreign exchange reserves rose by USD 1.153 billion to USD 585.895 billion in the week ending October 13, following many weeks of declines, as per RBI statistics. Overall reserves fell by USD 2.166 billion to USD 584.742 billion in the preceding reporting week. The nation’s foreign exchange reserves hit an all-time high of USD…
According to Ashima Goyal, a member of the RBI’s Monetary Policy Committee (MPC), the Indian economy has begun to perform well despite the unfavorable global environment since the Modi-led administration has carried out numerous reforms over the past nine years that have improved important macroeconomic indices. Goyal argued that it is foolish to extrapolate too…
This year, consumers will spend more than ever during the holiday season of October to November, which includes Dussehra and Diwali, as many break free from months of restrained spending. According to predictions made by businesses, consultancies like Deloitte and Redseer, and industry groups like the Confederation of All India Traders (CAIT) and the Clothing…
According to the S&P Global monthly survey, India’s manufacturing sector experienced its quickest rise in three months in August, powered by a significant increase in new orders and output. The manufacturing sector’s health improved by the second-best amount in nearly three years in August, according to the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’…
