India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
The latest data from the commerce department revealed that China’s total shipments of personal computers and laptops to India stood at 89.4 per cent in December, which when compared to the period from April to December was found to be at 76.4 per cent in FY 2024. December spelled a different story for China’s imports […]
India, alongside South Africa, has achieved a major breakthrough in the realm of domestic service regulations within the World Trade Organization (WTO), a development for global trade negotiations. The Ministry of Commerce and Industry stated a pivotal win for multilateralism following successful consultations and deliberations within the WTO framework. By January 2023, a total of […]
The economic research department of the State Bank of India (SBI) has forecasted India’s gross domestic product (GDP) growth at 6.8 per cent in Q3 FY24 amid global economic complexity. The report added that it could hit 7 per cent on the back of likely downward revisions in Q3 FY23 estimates. The report stated that […]
The event emphasised the need for policy reforms, echoing concerns raised by industry leaders about rising costs, global disruptions, and the imperative for a new textile policy to foster innovation and international collaboration Prime Minister Narendra Modi inaugurated Bharat Tex 2024, a major global textile event held in Delhi’s Bharat Mandapam. This comes as the […]
India will undertake another survey of family consumption as well as goods and brands at retailers to get a complete picture of domestic spending before adjusting the consumer price index (CPI), the news agency Reuters reported. The government revealed the preliminary findings of the 2022/23 household consumption expenditure survey, the first in more than a […]
Retail inflation data is anticipated to be revised after the most recent household consumption expenditure survey revealed that the percentage of food and cereal consumption has declined dramatically. Food accounts for roughly 46 per cent of the consumer price index (CPI), according to the 2011-12 household consumption expenditure survey. The most recent statistics for 2022-23, […]
The LSEG-Ipsos monthly Primary Consumer Sentiment Index (PCSI) consumer confidence has further improved in February 2024, over January 2024, according to the LSEG-Ipsos Primary Consumer Sentiment Index (PCSI). Overall, there was a 2.9 percentage points increase in February 2024, over the previous month, as India continues to show resilience despite the stressed global macro forces, […]
In the early trade on Monday, the price of 24-carat gold saw a decline of Rs 10, with ten grams selling at Rs 62,940, as reported by the GoodReturns website. Simultaneously, the price of silver experienced a Rs 100 decrease, with one kilogram selling at Rs 74,400. The price of 22-carat gold also witnessed a […]
The Household Consumption Expenditure Survey reveals a shift in spending patterns among Indians, with a decrease in expenditure on essential staples like rice and wheat and an increase in discretionary items such as processed foods, along with durable goods like televisions and refrigerators. According to the data, average rural consumer spending has surged to Rs […]
