The US accounts for about 18 per cent of India's merchandise exports, including electronics, pharmaceuticals, and petroleum products, among others. However, India's economy is largely driven by domestic demand, so the potential fallout from weaker US growth will likely be contained.
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
Cars manufactured by Hyundai Motor India will cost more starting January 2024. The automaker announced on Thursday that the price increase was needed owing to rising input costs, an adverse exchange rate, and an increase in commodity prices, amongst other reasons.
According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices.
New Delhi [India], November 16: The ongoing conflict between Israel and Hamas, with its roots extending back over seven decades, continues to cast a long shadow across the Middle East. Recently, hostilities have intensified, with both sides experiencing significant casualties. On October 7,
The global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock but an escalation of the latest conflict in the Middle East--which comes on top of disruptions caused by the Ukraine conflict--could push global commodity markets into uncharted w
Emerging Asian economies grapple with an array of challenges in conducting monetary policy, from the impacts of COVID-19 shocks to the ripple effects of unconventional monetary policies in advanced nations, fluctuations in capital flows, shifts in commodity prices, and the surge of digital f
According to the Sensitive Price Index (SPI) for the week ending July 13, sugar retail prices in Karachi were hovering at Rs 138-150 per kg, up from Rs 128-135 the previous week ending June 22, according to Dawn.
Prices of all commodities, barring precious metals, are likely to moderate in the current year, the Ministry of Finance said in its Monthly Economic Review report. However, they are still expected to remain well above pre-pandemic levels.
The FAO Food Price Index, which tracks monthly changes in the international prices of commonly-traded food commodities, averaged 126.9 points in March 2023, down 2.1 per cent from the previous month and 20.5 per cent below its peak level of March 2022.
RBI Governor Shaktikanta Das said, "The situation has shown improvement in Q3:2022-23 (third quarter or October-December) as imports moderated in the wake of lower commodity prices, resulting in narrowing of the merchandise trade deficit."