India’s foreign trade set to cross .6 trillion mark this fiscal: Report

India’s foreign trade set to cross $1.6 trillion mark this fiscal: Report

India’s foreign trade is expected to cross the $1.6 trillion mark this fiscal despite global economic uncertainties, economic think tank GTRI said in a report. The Global Trade Research Initiative (GTRI) said the $1.6 trillion would be about 48 per cent of India’s nominal GDP of $3.4 trillion for the fiscal year ending March 2023. […]

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Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost  billion by August

Moody’s red-flags frozen Petrol, diesel prices; OMCs may have lost $7 billion by August

‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ ‘Grant to cover losses from LPG sales since 2020 positive, but not enough for IOCL, BPCL and HPCL’ India’s State-owned Oil Marketing Companies have lost an estimated $6.5 billion-$7 billion on petrol and diesel sales due to […]

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India should choose fiscal, monetary policy carefully to support ‘bright spot’ growth forecast: IMF

India should choose fiscal, monetary policy carefully to support ‘bright spot’ growth forecast: IMF

With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India was “still a bright spot”, said an IMF official With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India […]

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