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Crude oil import bill is likely to jump by about USD 26 billion

As per the official statement, India's crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier.

posted by Jawwad Kazi 17th Aug 2018

India Ratings cuts growth forecast for FY19 to 7.2%

India Ratings & Research, revised down its growth estimate for Indian economy to 7.2 per cent from its earlier projection of 7.4 per cent for 2018-19.

posted by Jawwad Kazi 17th Aug 2018

Steel imports from Japan, South Korea surge

A recently published government document showed that India is being hit by a wave of steel from producers in Japan and South Korea, as mills there redirect supply after U.S. President Donald Trump slapped an import duty on the alloy earlier this year.

posted by Jawwad Kazi 17th Aug 2018

WPI inflation slows to 5.09% in July

According to official data released on 14th August, Inflation at the wholesale level slowed to 5.09% in July largely due to a cooling down of food inflation.

posted by Jawwad Kazi 15th Aug 2018

Trade deficit hits 62-month high in July

As per the official data released, India’s trade deficit widened to a more than five year high of $18.02 billion in July, driven largely by a surge in oil imports.

posted by Jawwad Kazi 15th Aug 2018