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...
by TEXTILE VALUE CHAIN | Jun 30, 2023 | Finance & Economy, News & Insights
Government Announces GDP Growth and Inflation Target for FY24 After lowering the growth estimate for FY23 to 2%, the government now forecasts GDP to rise 6% in FY24 (starting mid-July 2023). The FY24 growth projection is well above forecasts of around 5% by World Bank...
by TEXTILE VALUE CHAIN | Jun 21, 2023 | Finance & Economy, News & Insights
Highlights: The index of economic activity (CEM) grew at a 4-month high pace of 11% in May. Sequentially, the index rose to 118.4 in May from 111.9 a month ago. Positive contributions came from PMI-M, PMI-S, GST collections, E-way bill issuances, credit offtake,...
