
India's exports rise 30% in April
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
Labour-intensive sectors also contributed to the exports basket, which itself is a good sign, further helping job creation in the country.
Inflation for manufactured products, which constitutes 64.23% to the WPI basket, soared to 9.84% year-on-year in February compared with 9.42% in January.
Though, Russia is a marginal trade partner with barely 1.4% of India's import and 0.9% of exports, spike in crude and commodity prices will elevate inflation and dent consumer demand.
The country's merchandise exports increased 25.3% year-on-year last month to $34.5 billion.
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.