There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices
Every $10 increase in crude prices lowers India's GDP growth by around 20 basis points and increases domestic inflation by 30 basis points
India has struggled to generate adequate military resources
The report said the shock emanating from geopolitical risks hit at a time when inflation was elevated in many countries
The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling $771 million in the spot market.
The RBI also said that a rapid and large withdrawal of fiscal support risks pushing the economy over the cliff into a sharp downturn
India's role in maintaining food security on the global stage could significantly increase if it succeeds in expanding its marketshare of wheat. New Delhi is already the largest exporter of rice
It's time to cushion India from the same 'oil shock' story
Experts shed light on the opportunities ahead for NBFCs and how they can capitalise on them
Stating that Karnataka is set to become the number one state in the country in overall economic growth, CM Bommai expressed confidence that the state will contribute $1.5 trillion to economy
Self-reliance is not the same thing as self-sufficiency, NITI Aayog V-C said
Unemployment continues to worry
Global uncertainty will weaken recovery
Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago
WPI inflation rises to 13.11%
Power generation trends higher, airlines see more passengers
The updated Public Financial Management System will complete one year in operation on March 31, but challenges to full integration remain
Approval of various committees being sought before the new series is released
While Covid hit services exports harder than manufacturing, the share of the former in global services exports seems to support the call experts have made in favour of the sector
India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said