External Sector

External Affairs Minister S Jaishankar on Tuesday observed that a "democratisation of global order" was being witnessed across the world, which was "becoming more multi-polar" since many cultures and societies were "making their voices heard". The remarks were made in his brief speech to the convocation ceremony of Nalanda University at Rajgir in Bihar, which was attended, among others, by President Droupadi Murmu. "The world is becoming more multi-polar because there are many more societies and many more cultures that are making their voices heard. The Nalanda tradition can be a powerful influence in this democratisation of world order", said Jaishankar, referring to the ancient seat of learning which was known to attract students and scholars from far and wide. He added, "the very term Nalanda evokes memories of India's intellectual heritage and cultural grandeur. A revival of that tradition in this institution is an indicator of the rise of not just India but Asia itself". The .

Economic Survey flags rupee pressure, stressing goods exports for currency stability as manufacturing stagnates and productivity gains outpace wage growth

For India, this could mean tougher competition for investment, slower growth in global trade volumes, and greater sensitivity of external flows to policy and geopolitical developments

India will be represented by External Affairs Minister Jaishankar during the summit in Pakistan

The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March 2024 from 22.2 per cent at end-March 2023

There are downside risks to growth and upside risks to inflation, partly channelled through the external sector and partially originating from weather uncertainties, the finance ministry said in a report on Monday. Consumption has shown steady and broad-based growth, while investment in capacity creation and real estate is finding traction, said the April edition of the Finance Ministry's Monthly Economic Review. "April is too early to forecast the economic outcomes for the entire year. A good beginning, though, is a harbinger of positive outcomes," it said. Observing that the FY24 for the Indian economy opened on the back of strong activity witnessed in the last quarter of the previous fiscal, the report said GST collections in April, which marked the commercial activity of the last month, underwent a level shift pushed up by the widening of the tax base and heightened economic activity. Index of Industrial Production (IIP) and Eight Core Industries Index (ECI) averaged steady gro

After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

Survey says salient external sector sustainability indicators are strong and much better than what they were during the global financial crisis or taper episode of 2013

Is India really vulnerable to a balance-of-payments crisis of the sort last seen in 1990-91? Or are fears overstated?