China's imports contracted 7.9 per cent in April while exports rose at a slower pace of 5.8 per cent, official data showed, reinforcing signs of feeble domestic demand despite the lifting of Covid curbs.
The Financial and Economic Affairs Committee of the 14th National People's Congress (NPC) has developed a list of recommendations to ramp up efforts to expand domestic demand, improve the business environment for private companies and prevent financial risks etc. These recommendations are in
Keeping in view the domestic consumption of about 275 lakh tonne of sugar and exports of about 61 lakh tonne, the closing stock is expected at about 70 lakh tonne, which the food ministry said is sufficient to meet domestic demand for about three months.
In response to the rolling lockdowns, travel restrictions, mass testing, and quarantining of his zero-COVID policy, which ended in December, the ruling Chinese Communist Party general secretary calls for measures to "expand domestic demand"
The Minister said the domestic demand must be there for creating demand for the defence industry and a record 75 per cent of defence capital procurement budget has been earmarked for domestic industry in 2023-24
The IMF in its note said: "Growth in India is set to decline from 6.8 per cent in 2022 to 6.1 per cent in 2023 before picking up to 6.8 per cent in 2024, with resilient domestic demand despite external headwinds."
According to the update, IMF said growth in India is set to decline from 6.8 per cent in 2022 to 6.1 per cent in 2023 before picking up to 6.8 per cent in 2024, with resilient domestic demand despite external headwinds.
New Delhi [India], January 23 (ANI/Mediawire): The organized gold jewellery retailers are urging the finance minister to cut gold import duty in the Union Budget 2023-24 as any reduction in duty will help curb gold smuggling, boost exports of gems and jewellery, and empower organised jewelle
Agrochemicals sector is expected to grow at 15-17 per cent current financial year after a stellar 23 per cent growth logged last fiscal, primarily driven by continued strong exports and stable domestic demand, said rating agency Crisil.
Kathmandu [Nepal], September 22 (ANI): Nepal's state-owned power utility body is planning to buy upto 365MW from Indian power traders to meet its domestic demand for power in winter when the production of Nepal's run-of-river hydropower projects dwindles, media reports said.
Ulan Bator [Mongolia], May 17 (ANI/Xinhua): Mongolia will provide domestic producers with all support possible to fully secure the domestic demand for food, President Ukhnaa Khurelsukh said Tuesday.