Indian economy: Where is it heading
Bikky Khosla | 27 Dec, 2022 |
| The International Monetary Fund (IMF) last week projected that the Indian economy will grow at a moderate pace of 6.8 percent in the financial year 2022-23 and 6.1 |
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Exports: Winds of change
Bikky Khosla | 20 Dec, 2022 |
| Exports for the month of November rose marginally to $31.99 billion from $31.80 billion in November 2021, registering y-o-y growth of 0.6%. |
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Exports sector needs a helping hand
Bikky Khosla | 29 Nov, 2022 |
| Exports fell by 16.65 percent to $29.78 billion in October compared to a year ago. This is the first contraction since February 2021 and the first time in 20 months |
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Services sector optimism
Bikky Khosla | 08 Nov, 2022 |
| Services sector activities gathered pace in October, driven by robust domestic demand, as shown by the Purchasing Managers |
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Lack of reliable MSME data
Bikky Khosla | 01 Nov, 2022 |
| Lack of reliable data about Micro, Small and Medium Enterprises (MSMEs) is a major roadblock in the growth of the sector, according to a latest report. Time and again, experts have raised this issue |
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Web3 startups
Bikky Khosla | 25 Oct, 2022 |
| India is now home to more than 450 active Web3 startups, a new report states, adding that four of them are unicorns. This is yet another achievement by our startup sector |
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Growth forecast
Bikky Khosla | 11 Oct, 2022 |
| The World Bank last week cut India's Gross Domestic Product (GDP) growth forecast for the current fiscal from 7.5 percent to 6.5 percent. |
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Urban unemployment
Bikky Khosla | 02 Oct, 2022 |
| India’s unemployment rate dropped drastically to 6.43% in September. Data released by the Centre for Monitoring Indian Economy last week |
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China-Taiwan conflict
Bikky Khosla | 26 Sep, 2022 |
| Amid tension rising between China and Taiwan in recent days and the US already declaring that it will defend Taiwan in the event of an unprecedented Chinese attack, armed conflict between the world's |
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India: A bright spot globally
Bikky Khosla | 20 Sep, 2022 |
| India is in the sweet spot as far as US business is concerned, the Union Commerce and Industry Minister claimed recently, adding that the US is “gung ho” about India because of the country’s “political stability, |
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Trade deficit
Bikky Khosla | 13 Sep, 2022 |
| India’s exports registered 17.1 percent Y-o-Y growth to $192 billion during the April-August period, but for the month of August overseas shipments contracted over 1 percent Y-o-Y |
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India: World's fifth largest economy
Bikky Khosla | 06 Sep, 2022 |
| Overtaking the United Kingdom, India has become the fifth largest economy in the world, according to data released by IMF last week. Now, only the United States, China, Japan and Germany have |
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SME credit
Bikky Khosla | 30 Aug, 2022 |
| Credit growth outpaced deposit growth in June, according to data released by the Reserve Bank of India (RBI) last week. The central bank points out that year-on-year credit growth |
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Freebies debate
Bikky Khosla | 23 Aug, 2022 |
| Early this month, the Supreme Court of India recommended to constitute an expert committee to brainstorm on the issue of election ‘freebies’. |
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The startup growth story
Bikky Khosla | 16 Aug, 2022 |
| India now ranks third globally both in terms of startup ecosystem and number of unicorns. Addressing the “DST StartUp Utsav” last week |
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RBI's fight against inflation
Bikky Khosla | 09 Aug, 2022 |
| The RBI’s Monetary Policy Committee (MPC) last week increased the repo rate – the rate at which the central bank lends short-term funds to commercial banks -- by 50 basis points to 5.40 percent. |
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Rupee depreciation
Bikky Khosla | 26 Jul, 2022 |
| The Indian rupee has begun this week's trading session by inching slightly higher to close below 80 against the US dollar. |
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Agri exports potential
Bikky Khosla | 19 Jul, 2022 |
| Exports of agricultural and processed food products from the country rose by 14 percent in the April-June period of the current financial year, according to official data released last week. |
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Startup funding winter
Bikky Khosla | 12 Jul, 2022 |
| Union Minister Jitendra Singh last week appealed all government agencies to reach out potential startups in the country and extend a helping hand them, adding that today the Indian startup ecosystem |
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Exports growth
Bikky Khosla | 05 Jul, 2022 |
| India's merchandise exports rose by 16.78% to $37.94 billion in June, while exports during the first quarter of 2022-23 is up over 22 percent to $116.77 billion, the highest ever exports during the first quarter. |
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Thoughts on MSME Day
Bikky Khosla | 28 Jun, 2022 |
| The Indian Micro, Small and Medium Enterprise (MSME) sector contributes in a big way to the country’s economy – around 30 percent to GDP, 49 percent to exports and 36 percent to manufacturing |
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Trade deficit
Bikky Khosla | 21 Jun, 2022 |
| Exports of merchandise goods and services grew over 24 percent Y-o-Y to $62.21 billion in May, as per official data released last week. Merchandise exports stood at $38.94 billion against $32.30 billion |
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RBI rate hike
Bikky Khosla | 13 Jun, 2022 |
| With inflation showing no sign of taming down, the Reserve Bank of India (RBI) last week increased the policy repo rate by 50 basis points with immediate effect. |
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GDP data
Bikky Khosla | 06 Jun, 2022 |
| The National Statistical Office last week came out with the provisional Gross Domestic Product (GDP) data for 2021-22, along with growth data for the January-March quarter of the financial year. |
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RBI annual report
Bikky Khosla | 30 May, 2022 |
| The Reserve Bank of India (RBI) last week released its Annual Report for the year 2021-22, in which the central bank sheds light on several key economic issues, including global economic risks, domestic growth prospects and challenges facing the Indian |
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Wheat exports ban
Bikky Khosla | 23 May, 2022 |
| The Central government recently placed a ban on wheat exports with immediate effect. On support of the move, it said the decision was taken in the background of less than estimated domestic wheat production and an excessive global price hike, driven by Russia-Ukraine war. |
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Services exports
Bikky Khosla | 17 May, 2022 |
| Services exports in April performed well to reach $27.60 bn, which is an increase of nearly 53% over April 2021. This data is encouraging. |
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Fight against inflation kicks off
Bikky Khosla | 09 May, 2022 |
| In an off-cycle meeting, the Reserve Bank of India (RBI) last week hiked the repo rate by 40 basis points (bps) to 4.40 percent with immediate effect. The central bank is facing an uphill task in containing the current inflation |
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Revamped ZED scheme for MSMEs
Bikky Khosla | 03 May, 2022 |
| The MSME ministry last week launched a revamped Zero Defect, Zero Effect (ZED) scheme. The erstwhile ZED scheme was launched in October 2016, with an objective to boost MSMEs’ competitiveness |
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FTA prospects
Bikky Khosla | 26 Apr, 2022 |
| During his two-day visit to India last week, the British Prime Minister said that India and the UK may complete a Free Trade Agreement (FTA) by Diwali in October. |
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MSME credit card
Bikky Khosla | 19 Apr, 2022 |
| A parliamentary committee recently pitched for providing credit cards to MSME entrepreneurs on the lines of Kisan credit cards |
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Record-high exports
Bikky Khosla | 05 Apr, 2022 |
| India achieved an all-time high annual merchandise exports of $417.81 billion in FY 2021-22, an increase of 43.18% over $291.81 billion |
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GeM, a glittering journey
Bikky Khosla | 29 Mar, 2022 |
| The Government e-Marketplace (GeM) was launched on August 9, 2016 with an aim to transform the way in which procurement of goods and services is done by the government ministries |
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Rupee dilemma
Bikky Khosla | 22 Mar, 2022 |
| The Rupee has shed almost 3.5% against the US dollar this year. The currency has remained in a range of 75.50-77 level, since the start of the Russia-Ukraine conflict, and crude oil and commodity prices |
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Trade concerns over Russia-Ukraine conflict
Bikky Khosla | 01 Mar, 2022 |
| With the first round of negotiations coming to an end and the number of countries announcing new economic sanctions on Russia growing, the Russian invasion of Ukraine is posing a serious threat to global trade |
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RBI policy review
Bikky Khosla | 15 Feb, 2022 |
| The RBI last week retained the repo rate during the sixth and final monetary policy review of FY22. |
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Budget 2022: MSME measures
Bikky Khosla | 08 Feb, 2022 |
| The Union Budget, presented by the Finance Minister last week, focuses on three pillars: inclusive welfare, digital transformation and sustainability and leveraging private investments |
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Economic Survey: MSME highlights
Bikky Khosla | 01 Feb, 2022 |
| MSMEs contribute significantly to economic and social development by fostering entrepreneurship and by generating employment opportunities, mentions the Economic Survey 2021-22 tabled in the Parliament on |
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Startups look for a friendly Budget
Bikky Khosla | 25 Jan, 2022 |
| With Budget 2022 scheduled to be presented on February 1, Indian startups are hoping that the Finance Minister will announce a host of measures to help the sector come out of the uncertainties caused by the Covid-19 pandemic |
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ECLGS scheme
Bikky Khosla | 11 Jan, 2022 |
| The Emergency Credit Line Guarantee Scheme has saved almost 13.5 lakh MSMEs worth Rs 1.8 lakh crore from slipping into NPA, according to a recent report |
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Exports at record high
Bikky Khosla | 03 Jan, 2022 |
| Merchandise export in December 2021 rose to $37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over $27.22 billion in December 2020 and 37.55% |
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2014 ( 359 )
Index
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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| Daily Poll |
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| Will the new MSME credit assessment model simplify financing? |
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