Category: Indian Economics

8 November marks the second year since India demonetised all ₹500 and ₹1000 banknotes. Small and medium businesses are still struggling to recover from the impact of the policy. On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1000 banknotes..

India’s April-September fiscal deficit stood at 5.95 trillion rupees ($81.20 billion), or 95.3 percent of the budgeted target for current fiscal year, government data showed on Thursday. The figure compares to 91.3 percent in the same period a year earlier. Fiscal deficit measures the incremental amounts that…

India to export raw sugar for the first time in three years as global prices rally. A rebound in New York prices to seven-month highs along with government subsidies are making exports lucrative for Indian sugar farmers. India’s modern history of agricultural movements began in the 1970s. Commonly called the “new farmers…

Rainfall in India’s annual monsoon season in 2018 was below average and less than forecast, with key crop-growing northern states among areas that have received less rain than needed. Accounting for over 50% of Indian employment, the agriculture and allied sectors are heavily dependent…

The finance ministry of India increased customs duties on “non-essential” items, including washing machines, air conditioners, footwear, gemstones and jet fuel. The objective of the increase is to limit the weakening of the Indian currency and reduce the country’s current account deficit. However, the approach..

The risking risk of loan default by the Infrastructure Leasing & Financies Services Limited firm raises concerns about market stability, which will be affected by the company’s failure to repay its debt. This can lead to unfavorable conditions for the money markts and the country’s economy. A stock market is where..

India’s government is planning to ask state oil firms to lock in their crude futures purchase prices. New Delhi is anticipating a spike when U.S. sanctions on Iran snap back again in November. India’s economy can be described as a developing economy. It is the world’s seventh-largest economy. It is the world’s seventh-largest..

Washington and New Delhi are looking to remove long-standing irritants to ties, which include tariffs and other non-tariff barriers. Indian farmers and U.S. manufacturers of medical devices could be among the main beneficiaries under the new trade package. The United States has a history of imposing tariffs dating back to the 1700s..

India’s stock market had become accustomed to foreign investors serving as a reliable engine of funds, with a net $59bn of money flowing in over the past six years. However, there has been a reversal of this trend with global investors losing confidence in India’s stock markets. A stock market is where..

Private development company IL&FS has accumulated a mountain of debt in a country which is desperate for basic infrastructure. Infrastructure Leasing & Financial Services Limited (IL&FS) is an Indian infrastructure development and finance company. IL&FS was originally promoted by the Central Bank of India, Housing Development Finance..