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India posts first trade surplus in 18 years as coronavirus hits imports

Economy

15 July, 2020

India posts first trade surplus in 18 years as coronavirus hits imports

India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as ......

Wholesale prices contract for third month in June

Economy

14 July, 2020

Wholesale prices contract for third month in June

India’s wholesale price gauge contracted for a third month in June, data released by the Ministry of Commerce and Industry...

Retail inflation accelerates in June on costlier food items

Economy

13 July, 2020

Retail inflation accelerates in June on costlier food items

India’s annual retail inflation rose to 6.09% in June compared with 5.84% in March, pushed by a bigger increase in ......

India's services activity stayed in deep contraction in June: PMI

Economy

03 July, 2020

India's services activity stayed in deep contraction in June: PMI

India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown...

India's jobless rate falls to 11% in June as lockdown eases: CMIE

Economy

01 July, 2020

India's jobless rate falls to 11% in June as lockdown eases: CMIE

India's unemployment rate in June fell to 11% from 23.5% in May, according to data released by the Centre for ......

India's fiscal deficit touches 58.6% of annual target in two months

Economy

30 June, 2020

India's fiscal deficit touches 58.6% of annual target in two months

India’s federal fiscal deficit in the first two months through May stood at 4.66 trillion rupees ($61.67 billion), or 58.6%...

IMF predicts deeper global recession due to coronavirus pandemic

Economy

25 June, 2020

IMF predicts deeper global recession due to coronavirus pandemic

The coronavirus pandemic has caused wider and deeper damage to economic activity than first thought, the International Monetary...

Why a surge in money supply in India shows greater uncertainty, not growth

Economy

23 June, 2020

Why a surge in money supply in India shows greater uncertainty, not growth

Heightened uncertainty in India caused by the coronavirus pandemic has led to a surge in currency in circulation as people ......

Fitch cuts India outlook to ‘negative' on virus worries

Economy

18 June, 2020

Fitch cuts India outlook to ‘negative' on virus worries

Ratings firm Fitch cut its outlook for India to "negative" from "stable" on Thursday, saying that the coronavirus...

IMF sees ‘profound uncertainty' about global recovery: Gita Gopinath

Economy

17 June, 2020

IMF sees ‘profound uncertainty' about global recovery: Gita Gopinath

The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020...

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