|
Economy News |
|
|
India’s export outlook weak, hawkish central banks may weigh on growth, demand; oil prices, gold imports key
18-Aug-2022
India’s trade deficit widened further by $4 billion to a touch a new all-time high of $30 billion for the month of July, driven by elevated commodity imports (petroleum, coal, etc) and slowing exports. Oil exports fell – primarily owing to the government’s windfall tax – and the core deficit rose owing to higher electronics deficit, slowing exports, and elevated commodity imports such as coal and fertilisers. Global growth headwinds are likely to weigh on exports going forward. However, the trade deficit may narrow (but likely to remain elevated) as commodity prices ease, according to Edelweiss Securities.
News Source:- https://www.financialexpress.com/economy/indias-export-outlook-weak-hawkish-central-banks-may-weigh-on-growth-demand-oil-prices-gold-imports-key/2632939/
|
|
|
|
|
|
Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail
For suggestions and feedback click here.
Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office :
IMC Bldg., IMC Marg,
Churchgate, Mumbai - 400 020 India | Tel : 91-22-22046633 | Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org | Website : www.imcnet.org |
|
|
|