Sales revenue of manufacturing firms saw weak growth in September quarter. Rural demand indicators performed better than urban. Capex must rapidly pick up in 2nd half of the fiscal.
Apart from these factors, in the new year, food prices will continue to be vulnerable to global uncertainties & weather events, while household borrowings from banks will remain steady.
Ajay Banga said India has window of 3-5 yrs to seize opportunity to attract investment, adding that its growth has been cushioned by domestic consumption in face of global slowdown.
February merchandise exports were $33.88 billion, up from $32.91 billion in January, while imports rose to $51.31 billion from $50.66 billion, data showed.
Even though a trade deal is supposed to be about economic benefits, it is not strictly an economic matter, especially in light of the emerging world order.
Signalling a shift in how it is positioning itself within the global tourism and remote-work economy, Sri Lanka joins list of countries, led by Estonia, that set up digital nomad visa programmes post COVID-19.
By next weekend, Bangladesh will have an elected government. This is India’s moment to reboot broken ties by moderating the ‘ghuspethiya’ rhetoric in poll-bound West Bengal and Assam.
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