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In September 2023, 25% of the respondents said their income levels had improved compared to a year ago — the highest for any September after 2018. A relatively high share of urban consumers entered the 2023 festival season with more confidence than seven years ago. The conclusion is based on the September 2023 edition of…
Read More “Festive cheer: Urban consumer confidence at seven-year peak | Data” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…
Read More “Export bans and stocking limits: are they working? | Data” »
File picture of International Monetary Fund Managing Director Kristalina Georgieva | Photo Credit: Reuters International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet with top leaders, before travelling to Indonesia and India for ASEAN and Group of 20 summits, an IMF spokesperson said on Tuesday. “During August 30 to September…
Read More “IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia” »
Air India has been a CFM customer since 2002 when it began operating A320 neo aircraft powered by CFM56-5B engines. | Photo Credit: The Hindu Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power 210 Airbus A320/A321 neo and…
Read More “Air India, CFM finalise order for engines for 400 planes” »
Prime Minister Narendra Modi and USA President Joe Biden during the meeting with top CEOs at White House, in Washington, Friday, June 23, 2023. | Photo Credit: PTI India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to…
The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…
“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…
Read More “Private sector share in investment sees sharp decline in Q1” »