India’s Nifty 50 and Sensex indices have logged their strongest weekly run since February 2021, gaining nearly 4% this week and offering much-needed relief for bargain hunters after plunging 14% from their September highs. But the real stars were the Nifty Smallcap 250 and Nifty Midcap 100, which jumped 8% and 7%, outpacing their large-cap…
Investors abroad sold longer term Treasuries for three consecutive months, a sign of central bankers reducing their reliance on the U.S. as a financial buffer. In January, foreign residents sold a net $13.3 billion of U.S. notes and bonds that had more than one year to maturity, the latest Treasury data show. It comes after…
In this volatile environment, India must confront a critical but often overlooked challenge: labour productivity. Without determined efforts, our low labour productivity will continue to erode our economy’s growth potential, pushing it into a middle-income trap. Therefore, addressing this gap is not just a policy priority, but an existential imperative. Also Read: Worker scarcity: Low-wage…
The policy will play a significant part in promoting India’s export capabilities and also help boost the country’s share in global value chains (GVCs). India’s manufacturing sector contributed 14% to nominal gross value added (GVA) in 2023-24, yet it expanded by a robust 9.9% during the year. The construction sector, which accounts for 9% share…
Foreign investors pulled out a record amount of money from China in the last quarter. Direct investment liabilities in its balance-of-payments dropped almost $15 billion in April-June, Bloomberg reported, citing data from the State Administration of Foreign Exchange. This marks only the second time that the figure has turned negative, and should the full year…
A decade ago, India was one of the ‘fragile five’ economies, with excessive reliance on foreign capital to sustain growth. Its high vulnerability to foreign capital flight and sudden stops had caused excessive foreign exchange volatility as the current account deficit hit nearly 5% of gross domestic product (GDP) in 2012-13. Much water has flowed…
