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India’s latest industrial growth figures show that, contrary to global trends and overall perception, the country’s industrial output is getting stronger. Notably, the data show a quick bounce-back in industrial performance after the initial hit from the West Asia crisis. However, the new data also raise some important concerns about the composition of the growth,…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto India’s merchandise exports jumped to a record high of $45.2 billion in May 2026, 18% higher than in May last year, according to official data. However, despite this, India’s overall trade deficit widened to $10.5 billion due to a sharper growth in imports of both…
The last few days have shown just what a roller coaster of a ride India’s economic data can take. Last Friday’s robust Q2 GDP growth, a six-quarter high of 8.2%, lifted the government’s mood and brought cheer to its supporters. The relatively low nominal growth rate and grade by the IMF did little to dampen…
Read More “Speedbreakers ahead: On India’s economic data” »
Photo used for illustration purpose only. | Photo Credit: K.R. Deepak With merchandise exports shrinking 15.1% in the first quarter of this year, after racking up a record $450 billion in 2022-23, the government is playing it safe on announcing a clear target for outbound shipments this year and is likely to opt for a…
Read More “As exports shrink amid global uncertainty, no clear target for 2023-24” »