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Amid the final stretch of Lok Sabha elections, onion farmers in the key producing districts of Nashik are cast their votes under the cloud of economic distress and policy dissatisfaction. | Photo Credit: B. Jothi Ramalingam In India, the rise in the price of onions has reportedly been a factor that influenced the outcomes of…
Read More “The changing rules on onion export could impact election results: Data” »
President of Argentina, Javier Milei. File Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Prices rose at a rate of…
Read More “Argentina reports its first single-digit inflation in six months” »
Bolstered by current and anticipated upticks in demand, manufacturers reported higher confidence levels with expectations of higher output a year ahead. File (Representational image) | Photo Credit: Reuters India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India…
Revenues from domestic transactions grew 13.4%, the Finance Ministry said, while goods imports yielded an 8.3% uptick in the indirect tax collection. File | Photo Credit: K.V.S. Giri Year-end compliances lifted India’s gross Goods and Services Tax (GST) revenues past a record ₹2.1 lakh crore in April, reflecting a 12.4% growth over the previous record…
Read More “In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April” »
The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings…
Irrespective of macro-economic indicators used to prove the point that the economy is doing well, voters are worried about the empirically lived economy that they experience. Image for representation | Photo Credit: Getty Images/iStockphoto As the campaign hots up and voters in some parts gear up for voting, all the masala required for the Opposition to…
Read More “CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign” »
S&P said it forecast rate cuts of up to 75 basis points in India this fiscal. Photo: www.freepik.com S&P Global Ratings on March 26 raised India’s growth forecast for the next financial year to 6.8%, but flagged restrictive interest rates as a dampener for economic growth. The Indian economy is estimated to have clocked a…
Read More “S&P ups India growth forecast to 6.8% for FY’25” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
Read More “Inflation to dog world economy next year, postponing rate cuts” »
In September 2023, 25% of the respondents said their income levels had improved compared to a year ago — the highest for any September after 2018. A relatively high share of urban consumers entered the 2023 festival season with more confidence than seven years ago. The conclusion is based on the September 2023 edition of…
Read More “Festive cheer: Urban consumer confidence at seven-year peak | Data” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
