Indias goods exports rose 9.1% to a three-month high of $38.1 billion in May, outpacing imports that grew 7.7% on a higher base to $61.9 billion. The trade deficit zoomed to a seven-month high of $23.8 billion.
Core sector growth slows down to 4.3 percent in March as compared to 10.4 percent last year : Rashtra News #Core #sector #growth #slows #percent #March #compared #percent #year The production growth of eight infrastructure sectors slowed down to 4.3 percent in March due to a decline in the output of coal and crude oil,
Indias retail inflation eased further to a 12-month low of 4.75% in May but food inflation remained elevated and almost unchanged at 8.69%, data released on Wednesday showed.
In the interim budget in February, the government had set the FY25 fiscal deficit goal at 5.1% of GDP and revised the FY24 target to 5.8%. However, the actual fiscal gap for FY24 was contained at 5.6%. With exit polls projecting Prime Minister Narendra Modi to retain power with a strong majority, policy continuity is expected, and the government may aim to further improve the fiscal deficit target for the upcoming fiscal year starting April 1, 2025.