India's Current Account Deficit Narrows in Q1
Jun 30, 10:31 AM EDT |
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| During 2007-08, the widening of the trade deficit mainly higher level of current account deficit which stood at US $ 17.4 billion or 1.5% of GDP. |
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| India’s Merchandise exports posted a growth of 20% in Q4 of 2007-08 as compared with 16.7% in Q4 of 2006-07. Import payments, on BoP basis, recorded 37.2% growth in Q4 of 2007-08 as against an increase of 14.7% in Q4 of 2006-07. |
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India Consumer Price Index Rises 7.75% in May
Jun 30, 11:04 AM EDT |
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| The point to point rate of inflation for the month of May, 2008 is 7.75% as compared to 7.81% in April, 2008. |
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| All India Consumer Price Index Number for Industrial Workers on base 2001=100 for the month of May, 2008 increased by 1 point and stood at 139. |
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India’s Wholesale Price Index Increases 0.4%
Jun 27, 10:35 AM EDT |
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| The official WPI for 'All Commodities' for the week ended 14th June 2008 rose by 0.4% to 236.1 from 235.2 for the previous week. |
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| The annual rate of inflation, calculated on point to point basis, stood at 11.42% for the week ended 14/06/2008 as compared to 11.05% for the previous week. |
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RBI Raises Rate and Deposits
Jun 24, 1:44 PM EDT |
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| The decision was taken ahead of the scheduled meeting on June 29 after a sudden surge in inflation this week. |
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| The Reserve Bank of India increased repo rate to 8.5% from 8% and increased the bank deposits requirements to 8.75% from 8.5%. |
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Indian Inflation Rises to 13-Year High at 11.05%
Jun 20, 1:02 PM EDT |
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| The All-India Consumer Price Index for May, 2008 increased by 2 points each to stand at 431 points for both the series. |
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| Point to point rate of inflation based on the CPI-AL and CPI-RL increased from 8.88% and 8.61% during April, 2008 to 9.11% and 8.84% respectively in May, 2008. Respective rates of inflation during May, 2007 were 8.22% and 7.90%. |
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Industrial Production Growth Accelerates to 7%
Jun 12, 10:07 AM EDT |
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| The General Index stands at 268.3, which is 7% higher as compared to the level in the month of April 2007. |
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| The Sectoral growth rates in April 2008 over April 2007 are 4.6% in Basic goods, 14.2% in Capital goods and 4.2% in Intermediate goods. The Consumer durables and Consumer non-durables have recorded growth of 5.5% and 9.8% respectively, with the overall growth in Consumer goods being 8.9%. |
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RBI Hikes Repo Rate by 25 basis points
Jun 11, 10:43 AM EDT |
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| The RBI has decided to increase the repo rate under the Liquidity Adjustment Facility by 25 basis points to 8% from 7.75% with immediate effect. |
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| The Reserve Bank of India raised its key interest rate by 0.25% to 8%. The RBI noted in its release a sharp rise in inflation to 8.9% in April from 4.4% in January of this year. The sharp increase in energy and food prices has lifted inflation to a record high. |
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India's Exports Jump 31.5% in April
Jun 02, 9:46 AM EDT |
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| Trade deficit in the month surged to a record high of $9.8 billion. |
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| Exports from India soared 31.5% to $14.4 billion and imports in the month surged 36.6% to $24.3 billion. Rising crude oil prices continue to drive the oil import bill higher. India imported $8.02 billion, a rise of 46% from a year ago as crude oil prices surge nearly 70% in the period. Rupee against dollar has fallen 7.5% in the last three months helping the exports. For the fiscal 2009 trade deficit is expected to rise to 9%. |
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