by DIGITAL MEDIA EXECUTIVE | May 27, 2023 | Finance & Economy
The Reserve Bank of India (RBI) stated in its most recent State of the Economy report that private consumption is anticipated to be the primary driver of growth in India’s gross domestic product (GDP) in the first quarter (Q1) of the fiscal 2023–24. According to...
by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | Import/Export
India’s total exports (goods plus services) increased by 14.2% over 2021–22 to reach a high of $772.9 billion in 2022–23, above the nation’s objective of $750 billion. Since the pandemic subsided, the performance has been outstanding. But difficulties...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Import/Export
According to official figures, India’s goods exports decreased 12.7% year over year to $34.66 billion in the first month of FY24 due to weak demand and a global economic downturn. In April, the trade imbalance reached a 20-month low of $15.2 billion, down from...
by DIGITAL MEDIA EXECUTIVE | Apr 28, 2023 | Finance & Economy
According to the finance ministry’s most recent monthly economic review, India needs to be cautious about potential threats from decreased agricultural output, rising prices, and geopolitical developments. According to the March edition of the review, although...
by DIGITAL MEDIA EXECUTIVE | Apr 20, 2023 | Textile Articles
(Lubbock, USA, April 19, 2023)—Textile sector is not immune to the global uncertainties and the predicted slow global economic growth. The recent report by IMF titles the economy to have a “Rocky Recovery,” with the global growth pegged at 2.8% this year and expected...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Import/Export
The dynamics of India’s exports are depicted in soft terms by recent data. Exports of goods have decreased in the past three of the last four months. The March contraction was sharp, coming in at a 13.9% year-over-year decrease. A high base may contribute to the...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Trade Analysis
According to a study from the Global Trade Research Initiative (GTRI), India’s merchandise imports, driven by purchases of oil, precious metals, and electronics, are anticipated to increase 15% to a high $710 billion in FY23. According to economists, the...
by DIGITAL MEDIA EXECUTIVE | Mar 27, 2023 | Trade Analysis
According to rating agency ICRA, a healthy increase in rabi (winter) crop output, a pick-up in year-over-year (YoY) growth of high-frequency indicators in January and February, strong service demand, and a moderation in commodity prices are expected to boost...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | Country Report, PRICE REPORT
India’s exports of ready-to-wear clothing (RMG) and raw textiles fell by 12.1% and 17.5%, respectively, in February of this year. According to the rating agency CRISIL, exports of leather and handicrafts both fell during the month (-28.3% and -14.5%,...
by DIGITAL MEDIA EXECUTIVE | Mar 24, 2023 | cotton industry
At the start of this century China was buying a little over one percent of Australia’s cotton production. 22 years later and the position is basically unchanged but a lot has happened in the years in between and many are now talking that strong Chinese demand for...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | Trade Analysis
The export of goods from India has surpassed the $400 billion barrier for the first time, with higher engineering items, electronics, and food products leading the way. An further $10 to $12 billion in goods are anticipated to be exported over the final nine days of...
by DIGITAL MEDIA EXECUTIVE | Mar 15, 2023 | Business & Policy, Fabrics & Processing
India’s wholesale inflation eased to a 25-month low of 3.9% in February, led by moderation in manufactured goods inflation. The low print for manufactured goods inflation (1.9%) was mainly because of deflation in textile and metals categories on an annual basis. A...
