Sanyal explained that the RBI s decision was supported by the trajectory of the Consumer Price Index (CPI), which remained below 4 per cent for the first two quarters of FY 25, potentially pushing the real repo rate beyond 2 per cent. "The RBI s scope for repo rate adjustments may be limited to 50-100 basis points, a rate cut which is unlikely before August," Sanyal said.
Bharat Mobility Global Expo 2025: The Expo aims to showcase a wide range of vehicles, including commercial and passenger vehicles, electric vehicles (EVs), auto components, tyres, battery and storage components, and software integrated into vehicles.
Engineering exports to Australia reached USD 944 million in April-November 2023-24, a 3 per cent increase. However, imports from Australia also saw a significant 30 per cent upswing during the same period. India s engineering imports from Australia reached USD 355.02 million during April to October 2023-24. The share of India s engineering exports to its total merchandise exports to Australia also witnessed a significant rise, reaching 15.1 per cent during the review period.
High-interest rates, weak industrial output, volatility in commodity prices, and increase in trade-restrictive measures are affecting global trade and, in turn, Indias engineering exports, says Arun Kumar Garodia, EEPC India Chairman.
India s engineering goods exports faced a 3% year-on-year decline in November, totaling $7.85 billion, according to a report by the Engineering Export Promotion Council of India (EEPC). The dip is attributed to disruptions caused by the festive season in key engineering export regions, particularly in the northern and western parts of the country.