Core Sector Growth Slows to 6.3% in May 2024 The growth of India’s core sector, comprising eight crucial industries, decelerated to 6.3% in May 2024 from a robust 8% in April 2024. This slowdown reflects mixed performance across the sectors and raises concerns about the economic momentum. The core sectors, which include coal, crude oil,…
India’s Foreign Exchange Reserves Surge by $2.56 Billion to Reach $644.15 Billion Significant Increase in Reserves India’s foreign exchange reserves saw a substantial increase of $2.56 billion, reaching $644.15 billion for the week ending May 10, 2024. This surge comes after a previous increase of $3.668 billion, marking a positive trend following three consecutive weeks…
India’s April Trade Performance: Exports Inch Up, Trade Deficit Widens Overview of India’s April Trade Performance India’s trade performance in April 2024 has shown a mixed bag of results, with a slight increase in exports coupled with a significant widening of the trade deficit. According to the latest data released by the Ministry of Commerce…
GDP Expected to Grow 6-6.5% in FY24: BOB ECO Research The Indian economy is showing signs of recovery as the GDP growth rate for the fiscal year 2024 is projected to be between 6% and 6.5%. According to the latest report by BOB ECO Research, a leading economic research institute, the country is expected to…
