New Delhi: India’s goods exports clocked the fastest growth in 20 months, rising 11.9% to $41.4 billion, the highest value of shipments since last March. Imports grew 12.1% to top $60 billion, resulting in a trade deficit of $18.7 billion.“If you look at the 11 months period of the financial year this is the highest … Read more
MUMBAI: The domestic currency outperformed other emerging market currencies this year, buoyed by lower crude oil prices, the practice of purchasing crude in rupees, and strong services exports that have helped maintain a manageable current account deficit. Additionally, the anticipation of significant foreign capital inflows, driven by the inclusion of Indian govt bonds in global … Read more
MUMBAI: A large number of Indian fund managers expect govt to continue to lead the capex cycle in the coming few years, but also expect private capex to revive – something that has been absent in the past few years. Along with these two growth drivers for the Indian economy, urban and rural consumption would … Read more