India

chhatrapati shivaji terminus illuminated at night

India’s Economy Surges by 6.1% in 1Q23, Exceeding Expectations

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India’s economic growth displayed a remarkable surge in the first quarter of 2023, expanding by an impressive 6.1%, according to the latest report from the National Statistical Office. The significant growth was primarily propelled by a recovery in private investment and robust domestic consumption, underscoring the nation’s resilience and potential for economic revival. The growth …

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India Faces High Milk Prices as Demand Surges: Impact of Epidemic on Livestock

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India, the world’s largest producer of dairy products, is grappling with the challenge of soaring milk prices. The prices are expected to persistently rise until November this year. A former managing director of Gujarat Cooperative Milk Marketing Foundation, India’s leading dairy company, stated, “Over the past 15 months, we have witnessed an astronomical surge in …

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stall on a flea market

India Repatriates 244 Antiquities Since Independence, Aims for More Returns

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According to Minister Jitendra Singh from the Prime Minister’s Office (PMO), India has successfully repatriated 244 antiquities that were stolen from the country prior to its independence in 1947. Out of these, 231 artifacts were recovered in the past nine years alone. Prime Minister Narendra Modi highlighted India’s commitment to preserving its national heritage and …

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assorted color intermodal containers

India’s April Exports Rise 2% with Lowest Trade Deficit in 18 Months

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The Ministry of Commerce and Industry in India has reported that the country’s goods exports reached $34.66 billion in April, compared to $39.7 billion in the same month last year. This decline in exports can be attributed to reduced demand in major markets. On the other hand, services exports experienced a growth, reaching $30.36 billion …

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India’s April Manufacturing PMI Hits Highest Level in Four Months

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India’s manufacturing Purchasing Managers’ Index (PMI) hit 57.2 in April, according to S&P Global, surpassing March’s 56.4 and above analysts’ expectations of 55.8. This was due to stronger factory orders and production, resulting in the fastest expansion in India’s manufacturing sector in four months. An index above 50 indicates expansion in the manufacturing sector, which …

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palace near body of water

India Plans to Build LNG Reserves to Prevent Future Shortages

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In response to last year’s energy crisis, India is considering building strategic liquefied natural gas (LNG) reserves to avoid potential future shortages or rising prices. According to a senior executive from India’s largest LNG importer, the Indian government is exploring the possibility of creating such reserves. The finance director of Picronet LNG stated in an …

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