MUMBAI: India’s consumer demand is showing clear signs of softening, with inflation pressures amid volatile crude oil prices and a weak monsoon outlook beginning to weigh on spending across categories.…
Category: Economy
Oil prices subdued as traders await clarity over ceasefire extension, next round of US-Iran talks
International oil prices traded lower on Tuesday morning as traders awaited clarity on the extension of the US–Iran ceasefire and the next round of peace talks between the two countries.…
Champagne raises a toast to growth in India, duty cuts to add to the fizz
India is emerging as a key growth market for champagne as the country’s appetite for premium spirits grows. And, if the duty cuts planned under the proposed trade deal with…
India, South Korea working to double bilateral trade by 2030: Piyush Goyal
Union commerce and industry minister Piyush Goyal on Monday said India will set up a dedicated South Korean township on the lines of existing Japanese industrial townships to attract investments…
India’s core sector contracts 0.4% in March, hurt by West Asia conflict
New Delhi: India’s core infrastructure sector contracted 0.4% year-on-year in March to its lowest in nearly two years, marking a sharp reversal from the 2.8% expansion recorded in February, as…
Govt doubles down on wheat exports, clears extra 2.5 million tonnes
The Union government on Monday approved an additional 2.5 million metric tonnes (MT) of wheat shipments as it looks to support farmgate prices and manage rising stocks. that the government…
Inflation anxiety may have made a comeback, especially for low-income groups
Ordinary people do not track price indices—they gauge inflation by what happens to their daily expenses. When households are asked to assign a number to current or future inflation, their…
India’s affluent consumers spend more, but retail’s share is shrinking
BENGALURU: Wealthy Indians are spending more overall, but a smaller share of that spending is going to retail stores selling goods like clothing and gadgets. As incomes rise for affluent…
Modernizing the ledger: Inside the quest to solidify India’s economic data
New Delhi: Earlier this year, the government issued a much-awaited update to the methods by which it measures national income and gross domestic product (GDP). According to the government, key…
The week in charts: IMF growth forecast, inflation climbs, TCS payout, RBI penalties
From India falling to the sixth rank in the IMF’s GDP rankings to retail inflation rising at a quicker pace in March amid the West Asia war, the moderation in…