What's NewIndia's merchandise exports rise marginally to USD 27.15 billion in December

(January 15, 2021)

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January 15, 2021

India Balance of Trade

India's merchandise exports rise marginally to USD 27.15 Billion in December.

The balance of trade data records the value of merchandise trade of India with its trading partners. The data on import and export of the Indian economy is published by the Ministry of Commerce on a monthly basis. Merchandise trade is a key indicator of the development of the economy. India’s largest trade partners include US, EU, and China. India has maintained an overall trade deficit since 1990 and in the past decade, the deficit has increased ma...

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India's new Covid cases rise marginally after a record fall.

India's industrial production contracted to a 3-month low of 1.9% YoY in November

Index of Industrial production is published by the Ministry of Statistics and Programme Implementation every month. The current base year of the index is 2011-12=100. The index shows the changes in the production volume of different industrial commodities. The sub-components of IIP are- Mining, Manufacturing, and Electricity. The IIP is also classified according to its use namely, Primary Goods, Capital Goods, and Intermediate Goods. It is an essenti...

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India's forex reserve climbed to a record high of USD 580.8 billion in December.

Foreign Exchange Reserves of India consists of cash, gold, bonds, bank deposits and financial assets denominated in foreign currencies. (Primarily US dollars in the form of US treasury bonds and institutional bonds).

Even though India is the largest gold-consuming nation, the share of gold in total forex reserves is much less than most developed nations. The share of gold in total forex reserves has fallen from 78% prior to liberalization...

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December 31, 2020

Non-Food Bank Credit

Growth in Non-food bank credit at 6% YoY, remains subdued in November