India Economy Thread

[CallSignMaverick]

Kalpataru Projects get $1 billion project from Saudi Aramco

 

[CallSignMaverick]

 

[CallSignMaverick]

Big W

 

[Circadian Rhythm]

India's Rise In The Global Supply Chain

As part of a series on global manufacturing regions, Dave Evans, CEO of Fictiv, shares insights about the opportunities and trends shaping India’s manufacturing today.

www.forbes.com

 

[DDG-80]

https://www.financialexpress.com/policy/economy-gdp-to-grow-7-5-in-q1-rbi-bulletin-3496497/

 

[CallSignMaverick]

India only nation among top 5 to see growth in steel production

India is the only top five steel producing nation to see growth in production in April, while China, Japan, and the United States experienced a decline. India's steel production rose by 3.6% in April, with a total of 49.5 million tonnes produced from January-April this year.

economictimes.indiatimes.com

Organised jewellery retailers likely to witness 17-19 pc revenue growth in FY25: Report

The report further stated that the working capital requirements of retailers might increase due to higher inventory levels resulting from the substantial rise in gold prices and new store additions. However, credit profiles should remain stable, it added.

economictimes.indiatimes.com

RBI buys 1.5 times more gold in January-April than whole of 2023

The Reserve Bank held 827. 69 tonnes worth of gold as a part of its foreign exchange reserves as of April 26,2024, up from 805 tonnes as of end December according to the latest Reserve bank of India data.

economictimes.indiatimes.com

BASED

RBI approves dividend of Rs 2.11 lakh crore to Centre for FY24, up 140% YoY

RBI DIVIDEND: At its 608th meeting in Mumbai, the Reserve Bank of India approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, marking a 141% increase from FY23's Rs 87,416 crore. This move, reported earlier by ET, aids the Centre in reaching its fiscal deficit target for...

economictimes.indiatimes.com

Q1 GDP growth at 7.5%!

 

[DDG-80]

India only nation among top 5 to see growth in steel production

India is the only top five steel producing nation to see growth in production in April, while China, Japan, and the United States experienced a decline. India's steel production rose by 3.6% in April, with a total of 49.5 million tonnes produced from January-April this year.

economictimes.indiatimes.com

View attachment 42730
Q1 GDP growth at 7.5%!

Back then, our steel-making was just 1/10th of China's. But now, from January to April this year, the difference has shrunk to 6.9 times. This is like what happened with GDP. During COVID, it was 5.7 times our GDP, but now it's 4.7 times. If India keeps growing steadily at 7-8%, we can play a big part in the global supply chain and close the gap in GDP with our top rival.

 

[Circadian Rhythm]

ASRAAM to be Made in India

 

[CallSignMaverick]

 

[DDG-80]

 

[Circadian Rhythm]

 

[Circadian Rhythm]

 

[Circadian Rhythm]

 

[DDG-80]

India's forex reserves rise to an all time high for week ending on May 17; up by $4.54 bn to $648.7 bn

India's forex reserves reached an all-time high of $648.7 billion as of May 17, according to the Reserve Bank of India. This follows a surge of $2.56 billion in the previous week. Foreign currency assets (FCAs) also increased by $3.361 billion to $569.01 billion. Gold reserves increased by $1.24...

economictimes.indiatimes.com

 

[DDG-80]

First time in history! Tata Motors' Jaguar Land Rover to make Range Rover, Range Rover Sport models in India; prices to fall up to 22% - Times of India

India Business News: Jaguar Land Rover, under Tata Motors, will manufacture Range Rover and Range Rover Sport models in India for the first time. This move aims to enhance

timesofindia.indiatimes.com