Apparel exports drop
As per the statement from Apparel Export Promotion Council (AEPC), Apparel exports dropped 3.46% in 2018-19 compared with the year-earlier period.
Indian bourses shine in derivatives
According to the latest report by the World Federation of Exchanges (WFE) and the International Options Market Association (IOMA), the National Stock Exchange (NSE) and the BSE accounted for 96% of the currency derivatives trading in the Asia-Pacific region in 2018.
Exports outpace imports in March
As per the recent official data, India’s exports rose to a five-month high of 11% in March.
Wholesale price inflation
As per government data, Wholesale price-based inflation rose for the second consecutive month to 3.18% in March on costlier food and fuel.
Unified Payments Interface (UPI)
The recent analysis by RBI and the National Payments Corporation of India (NPCI) and some industry players, from April 2018 to March 2019 shows that UPI platform outperforming e-wallets in terms of the value of transactions done.
Bank’s Point of Sale (PoS) system
As per the official statement from telecom department, banks need to upgrade their Point of Sale (PoS) devices to run on 3G and 4G in the backdrop of the impending phase-out of 2G technology.
Industrial growth declines to 20-month
According to the official data released, Industrial output growth slowed to a 20-month low of 0.1% in February, mainly due to contraction in the manufacturing sector.
Inflation
As per the recent data released, retail inflation quickened in March to 2.86% from 2.57% in February, driven in large part by the food and fuel sectors.
Automation and Jobs
According to a study by Mercer India, most Indian professionals expect significant disruptions at work in the next three years.
High stock of NPAs in India: IMF
According to a statement by IMF head of Monetary and Capital Markets, there continues to be a high stock of non-performing assets (NPAs) in India and there has been some progression.