Page 64 - Indian Economy
Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn
India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released
 "Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn")
Cement sector's capacity utilisation to drop to 65%: Fitch Ratings
Fitch Ratings said it believes a sustained GDP growth, the government's thrust on infrastructure and affordable housing, and a revival in corporate capex, will underpin growth of the cement sector
 "Cement sector's capacity utilisation to drop to 65%: Fitch Ratings")
Policymakers look to rains, not just rates, to cool hot inflation: Report
Like its international peers, the Reserve Bank of India is expected raise rates aggressively over the next year to take some of the heat out of prices
 "Policymakers look to rains, not just rates, to cool hot inflation: Report")
'Not a difficult target': India would be a $5-trn economy by FY27, says CEA
Addressing an event organised by UNDP India, Nageswaran said India is relatively better placed than other emerging economies
 "'Not a difficult target': India would be a $5-trn economy by FY27, says CEA")
WPI inflation spikes to record 15.88% in May as heatwave stokes food prices
The Wholesale Price Index (WPI)-based inflation maintained its increasing trajectory for the third month in a row, and remained in double digits for the 14th consecutive month since April last year
 "WPI inflation spikes to record 15.88% in May as heatwave stokes food prices")
Fitch expects RBI to raise interest rates to 5.9% by December-end
Fitch Ratings said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook
 "Fitch expects RBI to raise interest rates to 5.9% by December-end")
Consumer sentiments uncertain
Consumer expectations in rural India were down by 1.7 per cent in May while expectations in urban India improved by 6.4 per cent
 "Consumer sentiments uncertain")
May CPI inflation cools down to 7.04% from eight-year high in April
The excise duty cuts for petrol and diesel and duty cuts on other items may have played a part in cooling inflation
 "May CPI inflation cools down to 7.04% from eight-year high in April")
Recovery tracker: Greater power generation and mobility even as cases spike
Vehicle registrations and railway freight numbers came in lower than before
 "Recovery tracker: Greater power generation and mobility even as cases spike")
Rupee slides 11 paise against US dollar, breaches 78-mark for first time
The local unit finally settled at its all-time low of 78.04, down 11 paise over its previous close of 77.93
 "Rupee slides 11 paise against US dollar, breaches 78-mark for first time")
Retail inflation eases to 7.04% in May, but remains above RBI's target band
Inflation in the food basket was 7.97% in May 2022, marginally lower than 8.31% in the previous month, as per the data released by the National Statistical Office
 "Retail inflation eases to 7.04% in May, but remains above RBI's target band")
$5 trn eco goal achievable by 2026; Chidambaram's view very wrong: Minister
Chidambaram can suggest that we follow the US economic model. He will say anything and what he has said is his personal view which is a very, very wrong view
 "$5 trn eco goal achievable by 2026; Chidambaram's view very wrong: Minister")
Can US recession slam the brakes on Indian IT sector's dream run?
A recession in the US would have far-reaching consequences for the Indian economy -- especially for the IT sector. We examine how the Indian IT industry will be hit if the US goes through a recession
 "Can US recession slam the brakes on Indian IT sector's dream run?")
India's post-pandemic electricity generation growth outpaced peers
Like India, multiple lower middle income countries face power outages
 "India's post-pandemic electricity generation growth outpaced peers")
Statsguru: Six charts show Covid-19 concerns rising again in India
Even as cases in the country rise, the pace of vaccination is falling
 "Statsguru: Six charts show Covid-19 concerns rising again in India")
Development of villages must to achieve $5 trillion economy: Amit Shah
"If villages are prosperous, self-reliant and with good facilities, the country will be prosperous. It will help achieve the dream of Atmanirbhar Bharat and making India five trillion dollar economy"
 "Development of villages must to achieve $5 trillion economy: Amit Shah")
Inflation data, Fed interest rate decision to drive markets this week
Markets are again reeling under tremendous pressure across the globe following sticky inflation that could prompt swift actions by the apex banks ahead, say analysts
 "Inflation data, Fed interest rate decision to drive markets this week")
India has shown exemplary resilience in recovery from Covid-19 crisis: CEA
The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said
Fitch lauds Indian economic recovery, ups outlook from negative to stable
The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%
At 7.1%, India's factory output jumps to eight-month high in April
Electricity output rose to double digits in April
 "At 7.1%, India's factory output jumps to eight-month high in April")