Rupee fall boosts textile exports
With 54% growth in rupee terms in October this year when compared with same month last year, the textile and apparel sector seems to have seen a revival.
GST and the logistics sector
As per a recent survey, the Indian logistics sector provides livelihood to 22 million-plus people, which is expected to be over 40 million by 2020.
Government wants more say in RBI decision-making
Ahead of the crucial board meeting of the central bank, Government hints out for more power in decision making.
India may see fall in credit availability : Moody’s
According to Moody’s 2019 Global Emerging Market Outlook report, India faces a potential sharp slowdown in credit availability.
Rise in Trade Deficit by $17.13 billion
As per the data from Trade Ministry, India’s October trade deficit widened to $17.13 billion due to a higher oil import bill.
Fitch rates India ‘BBB-‘
The Global rating firm Fitch retained its sovereign rating for the country at ‘BBB-’, the lowest investment grade with a stable outlook.
RBI survey on Remittances
As per the RBI survey for 2017, the Southern states of Kerala, Karnataka, Tamil Nadu and Andhra accounted for a share of 46% or $31.74 billion (Rs 2,30,900 crore) of total remittances of $69 billion.
RBI to ease liquidity
The Central bank announced to inject Rs 12,000 crore into the system through the purchase of government securities on November 15.
Industrial growth slips to 4.5% in September
According to the official data released, growth in industrial activity as measured by the Index of Industrial Production(IIP) slowed marginally in September to 4.5%.
Retail inflation eases to 3.31% in October
Consumer Price Index(CPI), eased in October to 3.31% due to slowing price growth in the food, housing, and footwear segments.