After China, India seems to be the next trade target for Donald Trump. In fact, Trump has issued a warning that Indian tariffs on American imports were unacceptable. A month after the Commerce Ministry imposed punitive tariffs on 28 items of US imports Read more [...]

A lot would depend on how the government clarifies on the impact of the higher surcharge on select group of FPIs. This was the factor that really spooked markets leading to the Sensex losing 1200 points in 2 days. Keep an eye on strong NBFCs like Read more [...]

Now the Ministry of Agriculture has also admitted that the erratic rains could impact Kharif output. The Ministry admitted that the summer crop planting was down by 27% this year on a YOY basis with paddy and cotton taking a hit in June. The seeding Read more [...]

News Announcement Impact Analysis Budget projects Indian economy GDP at $5 trillion in 7 years from now The GDP growth rate assumed is around 7-8% in real terms and 12% in nominal terms The budget has also looked at a likely GDP Read more [...]

Mark Mobius of Templeton is of the view that there was being too much ado about fiscal slippage and it was unlikely to hurt foreign outflows. Mobius is of the view that a fiscal spillage due to growth push may not exactly scare the FPIs from investing Read more [...]

In a move to improve the income levels of farmers, the cabinet has approved hike in Minimum Support Price (MSP) for all Kharif crops for the fiscal year 2019-20. The actual Kharif output for the current season is awaited as the delayed onset of rains Read more [...]

Oil flattered with a rally on Monday but lost more than the gains on Tuesday as growth reality came back to haunt oil. In fact, just a day after the OPEC and Russia decided jointly to sustain the 1.2 million bpd of crude output cut till March 2020, the Read more [...]

There seems to be some good news coming on the infrastructure growth front. May core sector output recorded sharply higher at 5.1% led by steel and electricity. In fact, steel output growth at 19.9% and electricity growth at 7.2% were the two key drivers Read more [...]