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February 1: The news in pictures

  • February 1: The news in pictures

    February 1: The news in pictures

  • <p><b>A truck passes shipping containers stacked at the Container Terminal at the Cochin Port</b>
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India&#39;s exports in December rose an annual 36.4% to $22.5 billion, while imports for the month fell 11.1% on the year to $25.1 billion, government data released on Tuesday showed.
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India&#39;s trade deficit in December narrowed to $2.6 billion compared with $8.9 billion in November. The April-December exports rose an annual 29.5% to $164.7 billion.
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Last August, India&#39;s trade deficit had widened to a 23-month high of $13.06 billion and Trade Secretary Rahul Khullar had said it could touch $135 billion in the current fiscal year to March, higher than his earlier forecast of $120 billion.
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But, since then, the growth in imports has slowed sharply, easing pressure on the current account deficit.
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    A truck passes shipping containers stacked at the Container Terminal at the Cochin Port

    India's exports in December rose an annual 36.4% to $22.5 billion, while imports for the month fell 11.1% on the year to $25.1 billion, government data released on Tuesday showed.

    India's trade deficit in December narrowed to $2.6 billion compared with $8.9 billion in November. The April-December exports rose an annual 29.5% to $164.7 billion.

    Last August, India's trade deficit had widened to a 23-month high of $13.06 billion and Trade Secretary Rahul Khullar had said it could touch $135 billion in the current fiscal year to March, higher than his earlier forecast of $120 billion.

    But, since then, the growth in imports has slowed sharply, easing pressure on the current account deficit.

  • <p><b>An employee works inside a metal workshop in Kolkata</b>
</p><p>
India&#39;s manufacturing sector expanded at a slightly faster pace in January on the back of output and new order growth but inflationary pressures persisted, a business survey showed on Tuesday.
</p><p>
The HSBC Markit Purchasing Managers&#39; Index, based on a survey of around 500 companies, edged up to 56.8 in January from 56.7 in December.
</p><p>
That was the 22nd consecutive month the key index of manufacturing in Asia&#39;s third-largest economy has been above the reading of 50 that divides growth from contraction.
</p>

    An employee works inside a metal workshop in Kolkata

    India's manufacturing sector expanded at a slightly faster pace in January on the back of output and new order growth but inflationary pressures persisted, a business survey showed on Tuesday.

    The HSBC Markit Purchasing Managers' Index, based on a survey of around 500 companies, edged up to 56.8 in January from 56.7 in December.

    That was the 22nd consecutive month the key index of manufacturing in Asia's third-largest economy has been above the reading of 50 that divides growth from contraction.

  • <p><b>A Vodafone logo is seen on a mobile internet dongle connected to a laptop in London</b>
</p><p>
Indian mobile phone operator Essar is downplaying plans to inject part of its 33% stake in the Vodafone Essar venture into a listed shell company after objections by its partner Vodafone, according to people familiar with the situation. 
</p><p>
Instead, the partners have agreed to appoint two investment banks to value the stake in the Indian mobile operator as a precursor to Essar deciding whether to sell it to Vodafone.
</p><p>
Essar has until May to decide whether to exercise options to sell the stake.
</p>

    A Vodafone logo is seen on a mobile internet dongle connected to a laptop in London

    Indian mobile phone operator Essar is downplaying plans to inject part of its 33% stake in the Vodafone Essar venture into a listed shell company after objections by its partner Vodafone, according to people familiar with the situation.

    Instead, the partners have agreed to appoint two investment banks to value the stake in the Indian mobile operator as a precursor to Essar deciding whether to sell it to Vodafone.

    Essar has until May to decide whether to exercise options to sell the stake.

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