India’s Foreign Trade – Part II, Invisibles.
India imported merchandise goods worth $721 bn against exports of $456 bn in FY23 leading to trade deficit of $265 bn. While India faces significant merchandise trade deficit, it generated…
Analyzing India’s Foreign Trade – Part I, Merchandise.
India continues to record huge trade deficit with imports exceeding exports by a significant margin over last twenty years. Cumulative trade deficit for India stands at little less than $900…
Status of Employment in India – FY23
Periodic labour force survey (PLFS) for FY23 (July’22 to June’23) shows a significant decline in unemployment rate (UR) over previous years. While the share of salaried jobs has declined over…
How Effective Is Monetary Policy in Controlling Inflation?
CPI (consumer price index) based inflation declined from a peak of 7.8% in April’22, when MPC started raising rates, to 4.3% by May’23. It appeared that the monetary tightening has…