macro Extreme weather conditions, prolonged geopolitical tensions to keep crude oil prices volatile: RBI "Overall, the second-round effects of food and fuel inflation on headline have become subdued, especially after the adoption of flexible inflation targeting (FIT) in India," says the apex bank. By fortuneindia.com
macro Telecom sector AGR up 1.8% to ₹67,835 cr in Dec 2023 qtr: Trai The YoY growth rate for AGR in the December 2023 quarter compared to the corresponding quarter last year was 7.84% By Shabeeh Azeem
macro What drives India’s robust services exports? RBI explains RBI, in its latest bulletin for April, says to benefit from digitalisation and GenAI, a supportive policy and FDI measures are critical By fortuneindia.com
macro India 4th largest military spender in 2023 at $83.6 bn: Sipri The top three spenders were the United States (US), China, and Russia, in that sequence By fortuneindia.com
macro India overtook China as the biggest 3W EV market in 2023: IEA IEA Outlook, published today, finds that global electric car sales are set to remain robust in 2024, reaching around 17 mn by 2024-end By Manoj Sharma
macro More than half of internet users battle speed issues: LocalCircles In India, 86% users of fixed line internet connections primarily access the internet at home through fibre, broadband or DSL By Shabeeh Azeem
macro April private sector growth fastest in 14 yrs on demand boost: PMI The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010. By fortuneindia.com
macro 95% Indian travellers embrace sustainable tourism: Booking The report disclosed that nearly two-thirds (62%) of Indian travellers admitted they would feel guilty if their travel choices were less sustainable. By Shabeeh Azeem
macro Plain gold jewellery exports grow 62% to $6,792 mn in FY24: GJEPC Overall, exports of total gold jewellery (both plain and studded) for the fiscal year 2023-24 saw a growth of 16.75%. By Shabeeh Azeem
macro Civil society groups seek more time to study Draft Digital Competition Bill, 2024 Organisations say the current deadline is insufficient to make a nuanced and informed submission, considering the technical complexity of the subject matter By Joe Mathew