BUSINESS
India may only be able to shift $3.5-5 billion worth of trade away from China, shows MC analysis
Out of the 4,251 goods imported by both countries where comparable data was available from the Ministry of Commerce, US had a price advantage in just 650 goods, while China’s price advantage extended to 3,601 goods.
BUSINESS
Shoes, sugar, cereal, toy imports into India saw steepest tariff rise between 2013 and 2023
The average tariff increase on footwear imports was highest at 23.8 percentage points, while cereals witnessed a 17-percentage point jump in tariff rates during this period.
BUSINESS
Indian exports to New Zealand have grown 62% since 2019
In 2024, India had a trade surplus of $85 million with New Zealand, continuing the trend that emerged after the covid outbreak
BUSINESS
OECD cuts India’s growth forecast for FY26 and FY27, forecasts 6.4% growth in FY25
OECD projected lower growth for FY27 as well, cutting India’s growth forecast to 6.6 percent from 6.8 percent earlier
BUSINESS
India has been cutting tariffs since 2023: MC Analysis
2023 was the first non-Covid year during the current government’s 10-year regime when the number of items facing tariff cuts was higher than the items witnessing a rise in tariffs
BUSINESS
Wholesale inflation rose to a two-month high of 2.38% in February
Retail inflation declined to a seven-month low of 3.6 percent, with food inflation declining to its lowest level in 21 months
BUSINESS
Reciprocal tariffs may not impact India much: SBI Research
India will also be able to take advantage of aluminium and steel tariffs imposed by the US last week
BUSINESS
Inflation high in Kerala as gold, personal care prices shoot up
Last month, Kerala’s retail inflation rose to a five-year high of 7.3 percent from 6.8 percent in the previous month, even as the overall figure for India eased to a seven-month low of 3.6 percent.
BUSINESS
Food inflation still pinched in February despite hitting a 21-month low
Prices of over half of the food items rose in February compared to a month ago, as households spending more on food and services felt the pinch of rise in prices more than others.
POLITICS
India deported more Nigerians than Bangladeshis in 2024
Deportations have remained below 15,000 in the past decade. India deported twice as many, totalling 30,000, between 2010 and 2013.
BUSINESS
Mutual fund industry’s AUM contracts 4% in February, the most in nearly three years
Although the industry is sitting at nearly Rs 10 lakh crore in assets compared with the previous year, the net assets under management declined to 4 percent in February from the previous month, its steepest fall since June 2022
BUSINESS
India relatively safe from US' steel and aluminium tariffs, levy to hit over 63 nations
India as well as China are more diversified than other steel exporting nations. Only 55 percent of Indian exports were headed to the top 10 trading partners compared with the global average of 86.5 percent
BUSINESS
Industrial production rises to eight-month high of 5% in January
The core sector slipped in January, as infrastructure industries' growth declined to 4.6 percent from 4.8 percent in the previous month
BUSINESS
India’s retail inflation eases to 7-month low of 3.61% in February
Food inflation eased below 6 percent for the first time since September 2024
BUSINESS
US was among top 10 importers in half of the 118 countries that exported dairy products in 2023
A third of India’s $567 million of dairy exports were headed to the US in 2023, with most of the exports in butter, ghee and other oils derived from milk. US top trading partner with 12 nations
BUSINESS
Tamil emerges as fourth top Indian language among medical exam test takers, while English slides
While 179,857 people opted for Hindi as the primary language for NEET in 2019, this doubled to 357,908 in 2024. Students opting to take the exam in Tamil went up from 17,101 in 2020 to 36,333 in 2024
BUSINESS
Taxing God: How much do Indian temples earn and when is GST levied?
Vaishno Devi, a rich temple, earned Rs 683 crore in FY24, of which Rs 255 crore came from offerings, which are tax-free, and another Rs 133.3 crore from interest
BUSINESS
Industrial production likely rose to 3.5% in January: MC Poll
The performance follows from an easing of India’s core sector output, which expanded 4.6 percent in January following a 4.8 percent growth in December
BUSINESS
Retail inflation likely declined to a 6-month low of 3.8% in February
The drop is expected to boost the chance of another repo rate cut when the central bank’s monetary policy committee meets in early April. The MPC cut the rate by 25 bps in February
BUSINESS
It’s not cars, but food preparations, carpets and maple syrups from the US that face higher tax from the world: MC analysis
Food preparations were of the highest export value, as it accounting for $1.1 billion of the total US exports worth $7.3 billion. About 37 countries taxed cane or beet sugar more than 60 percent, while tobacco was heavily taxed by 22 countries.
BUSINESS
In a first-of-its-kind survey, government to track how much India spends on travel
Transport as emerged as one of the highest expenditures incurred by Indian households, rising nearly two percentage points since 2011-12
BUSINESS
Donald Trump's first term saw US allies spend more on defence
However, China, Russia and the Arab world spent less during that period. This time, China and EU have already announced bigger defence budgets, two months into Trump's presidency
BUSINESS
India’s prevailing tariffs are consistent with WTO norms: FM Sitharaman
We will keep India’s interest in mind during negotiations with the US, said Sitharaman
BUSINESS
Here's why Trump is wrong about India being a 'tariff abuser'
Just 0.4% of US exports attract 60% or more tariff. India ranks ninth in taxing US goods, behind South Korea, Canada, Mexico and China among others
