Some Good News
India Good News
India Pips China in FDI Inflows for the First Time in 20 Years. India saw more than US$38bn of inbound deals compared with China’s US$32bn in 2018, buoyed by stable fundamentals, a bankruptcy code and fresh opportunities in sunrise sectors.
29 Dec 2018
India’s Softer Wholesale Inflation Opens Door to Monetary Easing. With India’s wholesale inflation eased to an eight-month low in December at 3.4%, economists believe that the central bank will have leeway to soften its monetary stance in the meeting next month.
14 Jan 2019
Trade Deficit Narrows to 10-month Low of US$13.08 billion in December. India’s trade deficit narrowed to US$13.08bn in December, the lowest in 10 months, with exports rising to US$27.9bn and imports falling to US$41.0bn during the month.
15 Jan 2019
India-International Good News
India Likely to Surpass UK in the World’s Largest Economy Rankings. According to a report by global consultancy firm PwC, India is likely to surpass the United Kingdom to become the fifth largest economy by 2019.
20 Jan 2019
India, South Africa to Boost Defence Ties and Trade. The two countries will boost ties in key areas such as defence, maritime security, information technology and trade under a three-year strategic exchange program. Trade is expected to rise to US$10.65bn in FY19 from this pact.
25 Jan 2019
India Replaces Japan as 2nd Top Steel Producer. India has replaced Japan as world’s second largest steel producing country with an increase in crude steel production to 106.5 MT in 2018, up by 4.9% from 101.5 MT in 2017.
29 Jan 2019