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INDIA TRADE DEFICIT JULY 2023
PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...- India’s current account deficit widens to $4.2 billion in Q1 FY27India's current account deficit reached $4.2 billion in the first quarter of the fiscal year. This widening was primarily driven by a highe...
- Petrol, diesel sales soar on erratic monsoon rains, LPG demand shifts to piped gasIndia’s petrol and diesel sales surged in August as erratic monsoon rainfall increased demand from farmers and motorists. Petrol consumptio...
- Cloud computing: Weatherman sees weak rains in September, warns of farm risksIndia is preparing for an anticipated shortage of rainfall this September, likely affecting agricultural productivity and water availabilit...
- Apr-July fiscal gap touches 26.8% of full-year targetThe Centre's fiscal deficit for April-July FY27 stood at 26.8 percent of the budget estimate. This figure showed a slight decrease compared...
- India's services exports rise 13.4% to USD 38.25 billion in July: RBIIndia's services sector saw a remarkable expansion in July, with exports climbing 13.4% to USD 38.25 billion alongside a 19.1% rise in impo...
- India to witness above avg temperature in September; rainfall likely to be below normal: IMDThe India Meteorological Department (IMD) on Monday announced that monthly rainfall over India during September is most likely to be below ...
- India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aimIndia's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this ye...
- India’s August rains fall 16% below average, lowest in three yearsIndia's August rainfall registered sixteen percent below average, its lowest in three years. The El Nino weather pattern suppressed the mon...
- India's FY27 growth seen at 7-7.2% as capex, domestic demand offset global headwinds: EYIndia's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by buoyant domestic demand and continue...
- India hits FY26 fiscal deficit target, stays on debt-cut path: Nirmala SitharamanIndia's Finance Minister confirmed achieving fiscal deficit targets for 2025-26. The government plans to reduce the debt-to-GDP ratio to fi...
- India gets the rain in August, but monsoon deficit still widensIndia's monsoon rainfall deficit has widened to nearly fourteen percent. Erratic rainfall has hurt kharif crop sowing across several region...
- Security forces evacuated 47,000 during conflict in Manipur: CMManipur CM Y Khemchand Singh stated security forces evacuated forty-seven thousand people to safety. He emphasized sustained collective eff...
- Airtel leads July mobile subscriber additions with 26.9 lakh users, Jio adds 24.5 lakhBharti Airtel led mobile subscriber additions in July, adding 26.88 lakh users. Reliance Jio followed, adding 24.46 lakh users during the s...
- US goods trade deficit widens 17% to $118.8 billion in JulyThe United States merchandise-trade deficit grew substantially in July. This shortfall reached its highest point since early last year. Inb...
- Hoping to work towards further expanding scope of India-Japan trade pact: Piyush GoyalIndia and Japan are actively reassessing their trade agreement, with the goal of broadening its reach. Both countries are looking to create...
- India’s merchandise exports rise 15% to over $25 billion in Aug 1-21Merchandise exports for August 1-21 are estimated to have risen by fifteen percent. This growth brings the total exports for April through ...
- Food prices on the rise, domestic demand keeps economy strongIndia's economy shows resilience with improved domestic demand and strong economic activity. Food prices have seen a broad-based increase, ...
- Broad-base rise in food prices despite monsoon recovery, RBI's state of economy report showsIndia's economy shows resilience with improved domestic demand and strong activity. Food prices have seen a broad-based increase, impacting...
- India's goods trade deficit hits 6-month high as imports rise amid Middle East conflictIn July, India's merchandise trade deficit climbed to $31.98 billion, the highest in six months, largely attributed to increasing oil and e...
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