by TEXTILE VALUE CHAIN | Jan 31, 2024 | Finance & Economy, News & Insights
The Bharat Chamber of Commerce (BCC) in collaboration with the Indian Council of Arbitration organised a Symposium on ‘Unravelling India’s New Foreign Trade Policy for India’s Growth’ on Saturday at ‘The Oberoi Grand’ in Kolkata. The symposium aimed to shed light on...
by TEXTILE VALUE CHAIN | Jan 22, 2024 | Finance & Economy, News & Insights
January 20, 2024: The Indian delegation at the 54th World Economic Forum (WEF) Annual Meeting, from January 15 to January 19, 2024, in Davos, Switzerland, made an impactful showcase as India was in the spotlight throughout the event, attracting attention to its strong...
by TEXTILE VALUE CHAIN | Dec 29, 2023 | Finance & Economy, News & Insights
To formalise the Indian economy and bring small industries and unorganised trade under the umbrella of regulation, the government has undertaken measures that have shown both short-term challenges and long-term benefits. The rapid formalisation of the economy, which...
by TEXTILE VALUE CHAIN | Nov 30, 2023 | Finance & Economy, News & Insights
Highlights: Global inflationary pressures ease; growth concerns linger. Markets expect policy rates have peaked in the West. GDP growth projected at 6.5% in Q2 FY24. Festive cheer bodes well for urban demand; Rural demand lags. CPI inflation at 4.9% came at a 4-month...
by TEXTILE VALUE CHAIN | Oct 31, 2023 | Finance & Economy, News & Insights
Key Highlights: Global Economy IMF maintained 2023 global GDP growth forecast unchanged at 3%. US economy advanced by 4.9% in Q3 2023 showed the first advance estimate. US headline inflation unchanged at 3.7% y-o-y in September; Core CPI continued to moderate. US...
by TEXTILE VALUE CHAIN | Sep 29, 2023 | Finance & Economy, News & Insights
Key Highlights: Bank of Mauritius left the key rate unchanged at 4.5%; 2023 Real GDP growth seen in 6.5-7.5% range. Headline CPI remained unchanged at 5.9% in August, Core CPI firmed 20 bps to 4.5%. Trade deficit in Mauritius narrowed marginally to MUR 16.5 billion in...
by TEXTILE VALUE CHAIN | Sep 1, 2023 | Finance & Economy, News & Insights
Key highlights: GDP growth jumped to 7.8% in Q1 FY24 from 6.1% in the previous quarter. Continued strength in services and construction activities as well as a favourable base supported the growth. Private consumption picked-up while investment demand remained strong....
by TEXTILE VALUE CHAIN | Aug 31, 2023 | Finance & Economy, News & Insights
Key Highlights: CPI inflation rose 7.4% (y-o-y) in July, driven by food inflation, taking FY23 average to 7.7%. Non-food and services inflation eased 30 bps to 7.5% (y-o-y) in July. The trade deficit narrowed to Rs 1,455 billion in FY23 from a deficit of Rs 1,720...
by TEXTILE VALUE CHAIN | Aug 24, 2023 | Finance & Economy, News & Insights
Key Highlights: Global: With US inflation and labour market cooling, Fed rate action in September is a close call. US NFP gains have been revised lower every month in 2023, representing loss of 245K jobs. Waning recovery in China led to PBOC rate cuts; Yuan at over...
by TEXTILE VALUE CHAIN | Jul 15, 2023 | Finance & Economy, News & Insights
According to officials, India reportedly requested improved market access in order to join the trade component of the 14-nation Indo-Pacific Economic Framework for Prosperity (IPEF), a trading bloc. There are reportedly new discussions taking place within the Union...
by TEXTILE VALUE CHAIN | Jul 13, 2023 | Finance & Economy, News & Insights
India’s retail inflation snapped a four-month decline, rising 4.8% in June, but remaining within RBI’s tolerance band. The uptick was largely driven by a sharp rise in food inflation. Food inflation rose to 4.6% from 3.3% a month ago, taking the share of food...
by TEXTILE VALUE CHAIN | Jul 3, 2023 | Finance & Economy, News & Insights
By Mr. M. L. Jhunjhunwala Indian economy has been growing at about 6% to 6.5% since last few years. The growth of India is much better than other economies. Following are the details of growth in India and other countries. 2021-22 2022-23 2023-24 (Expected...
