BUSINESS
India’s industrial production dips to an 8-month low of 2.7% in April
The government will release GDP data for Q4FY25 (January-March 2025) on May 30
BUSINESS
Canada, UK lose sheen among Indian students; Bangladesh, Germany gain
While fewer students went abroad in 2024 compared to the previous year, the share of top 10 countries declined to 84.7% from 89.1% two years ago, indicating that Indians are casting the net wide when it comes to education
BUSINESS
July-August rains more crucial for stock market than overall monsoon average
The analysis indicates that higher or normal rainfall during July-August, as long as it is not excessive (i.e., not more than 10 percent above normal), seems to have a weak association with better market performance
BUSINESS
India set for another wet monsoon as rainfall surpasses long-term average yet again
Between 2019 and 2024, rainfall averaged 103.7 percent of the long-period average (LPA), close to the above normal mark. This year too, monsoon is set to follow the trend
BUSINESS
Why a normal monsoon isn’t always good news
IMD data shows that despite experiencing normal or above normal monsoon for five of the past six years, the increase in foodgrain production has not been even
PODCAST
Can India keep the consumption momentum going amid rising uncertainty?| MC Beyond Averages
Reserve Bank of India is likely to deliver another rate cut—third in a row—in its upcoming June meeting, while the government has provided a tax cut in the Budget, meeting the material conditions for a consumption boost. However, uncertainty is looming, especially with AI taking away jobs and a rejig of global order affecting trade. So, will India’s consumption be able to keep pace with the economy beyond FY26? Tune in for the discussion with Debopam Chaudhuri, chief economist, Piramal Enterprise Ltd and Dhiraj Nim, Economist, ANZ.
BUSINESS
Trump’s tariffs threaten 55% of EU exports to US, but India could pocket $13.8 billion in benefits: MC Analysis
The EU outranks India in most of exports headed to the US, in 644 tariff lines India’s exports to the US were higher than the single-currency bloc
BUSINESS
Covid rising: Only a quarter of Indians have had precautionary dose; gaps in second dose as well
While the first dose had been administered to over a billion people, 93 percent of the population received a second dose
BUSINESS
RBI's bumper dividend to ease fiscal situation for FY26, could even push fiscal deficit lower: Economists
The dividend stands 27 percent over the previous year’s transfer of Rs 2.11 lakh crore
BUSINESS
Centre to track construction spend by households and contribution to GDP in a new survey
The new survey, expected in the second half of 2025, will try to capture GVA or output from the informal sector along with households, and will be used in new series of GDP expected in February 2026.
BUSINESS
Property tax collections now fund less of municipal spending for major cities
Property tax funded 14% of Delhi's municipal spending in 2024-25 compared with 16% in 2022-23
BUSINESS
Fitch Ratings raises India's potential growth to 6.4% over the next five years
The rating agency projects the economy to log 6.4 percent growth in 2025, followed by 6.3 percent in 2026 and 6.4 percent in 2027
BUSINESS
India’s business activity weathers another month of Trump tariffs as other nations struggle
Data shows that developed nations across Asia and Europe are in a much tougher fix with the world economy continuing to struggle with high tariffs.
BUSINESS
Baba Kedar outshines Naini Jheel, Corbett’s big cats as Char Dham Yatra draws 1 million in just 20 days
State government data shows that over the last decade (between 2014 and 2023), the share of Mussoorie, Nainital and Corbett has declined, as more people turn to Char Dham destinations
BUSINESS
India's business activity rises to 13-month high of 61.2 in May, shows HSBC Composite PMI
The Indian economy is likely to come out stronger compared to others, with IMF expecting only a 0.3 percentage points drop in growth to 6.2 percent compared with 6.5 percent projected earlier
BUSINESS
Russia would prefer EU trade over US, its China pivot predates Ukraine War, shows data
The United States accounted for just 5 percent of Russia’s exports and 2 percent of its imports pre-war. Before the invasion of Ukraine in 2022, the European Union was Russia’s most significant trade partner, accounting for over 40 percent of both exports and imports
BUSINESS
Growth did not trickle down to wages in informal manufacturing
Informal manufacturing witnessed employee compensation decline in FY24, even as wages in private manufacturing corporations witnessed double digit growth
BUSINESS
India’s core sector growth slows to 8-month low of 0.5% in April
Crude oil output dropped 2.8% year-on-year in April, against a 1.9% drop in March, while natural gas production declined 0.4%, compared with a 12.7% drop in March.
BUSINESS
Households spending on alcohol and healthcare hit a new high in FY24
India’s households spend on alcoholic beverages and tobacco rose 15.7 percent in FY24 - highest since FY12 - compared to a meagre 1.6 percent rise a year ago, likely as people tried to step out of the pandemic lull.
BUSINESS
Indian ports could benefit from China+1 strategy, says Moody’s Ratings
Besides tariffs, geopolitical events were an additional stress for emerging markets, Moody’s highlighted, pointing to the recent flare up of tensions between India and Pakistan
BUSINESS
PMO to take stock of health insurance challenges amid slow growth and high GST burden
A significant portion of India’s non-life insurance portfolio comes from health insurance, but it is currently grappling with two major headwinds - rising premiums and a slowdown in coverage.
BUSINESS
Bangladesh has been increasing its China dependence; data shows India still a major player
Despite a lower share in Bangladesh’s imports than six years ago, the country’s reliance on cotton from India has increased. In 2023-24, 26 percent of India’s $9 billion exports to Bangladesh were in cotton compared with 20.2 percent a year ago
BUSINESS
Bananas and chillies contributing more to the economy than a decade ago
Trade in spices has risen 37 percent between FY18 and FY24, while banana exports have been up 391 percent during this period
BUSINESS
Jammu and Kashmir may take two years to return to normalcy
The erstwhile state of J&K was growing at an average 5.1% for five years prior to the Kargil war of 1999, but growth in FY1999-2000 and FY2000-01 was lower at 4.5% and 1.8% respectively.
