#MintPrimer | India’s goods #exports fell 12.7% to $34.66 billion in April, the steepest slide in three years. This persistent decline has major implications for India’s growth story and, by extension, for job creation.
Mint explains how businesses could deal with this problem going ahead.
Read here: livemint.com
Mint explains how businesses could deal with this problem going ahead.
Read here: livemint.com
#MintPrimer | Shrinking goods exports could dent the manufacturing sector and slow #India’s growth momentum at a time when private investments— another key growth driver—is yet to take off in a big way.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | According to a Morgan Stanley report, India’s services output has outperformed that of the US, Europe and China since late 2022.
It has helped India narrow its current account deficit to 2.2% of #GDP in the third quarter of the last fiscal from 3.7% in Q2.
Read here: livemint.com
It has helped India narrow its current account deficit to 2.2% of #GDP in the third quarter of the last fiscal from 3.7% in Q2.
Read here: livemint.com
#MintPrimer | The export decline in April was broad-based as non-oil exports also saw a y-o-y fall of 11.49% compared to a 17.64% fall in petro products due to slowing global demand.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | A key driver of exports in FY23 was petroleum products as refineries scooped up cheap Russian oil.
However, global crude prices have softened and so has the value of Indian petroleum exports.
Read here: livemint.com
However, global crude prices have softened and so has the value of Indian petroleum exports.
Read here: livemint.com
#MintPrimer | Exporters said there is a need to provide marketing support for Indian products and services globally, and granting #GST exemption on freight.
Read here: livemint.com
Read here: livemint.com
#MintPrimer | #Exports are likely to remain under pressure for the next two to three months as demand in #Europe and the #US remains weak due to high #inflation.
However, #China’s economic revival comes as a breather.
Read here: livemint.com
However, #China’s economic revival comes as a breather.
Read here: livemint.com
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