Services imports in March too grew by 10.55 per cent to USD 11.37 billion.
Anand Mahindra said, "Direct exports would simply become indirect. A wave of Chinese investment in India may be imminent..."
April gold imports is at $3.97 billion vs $3.27 billion in March, whereas oil imports stood at $11.38 billion vs $11.75 billion in March.
The normal onset date for monsoon over Kerala is June 1, which also marks the start of the four-month rainfall season.
According to the agency, the IBC has shifted the balance of power to the creditor from the borrower.
Rains usually lash Kerala state around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton.
The annual rate of inflation based on wholesale price index stood at 3.07 per cent in April compared to 3.18 per cent in March, the government said on Tuesday. It was 3.62 per cent in April last year, according to a statement released by the Ministry of Commerce and Industry.
India will have to turn its culture around with things like 996 if it hopes to compete with China, Global Times says.
The Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018.
It added that the surge in the overall inflation is largely due to statistical reasons, because of a low-base effect.
Retail inflation rose marginally to 2.92 per cent in April, mainly due to spike in food prices. The inflation based on Consumer Price Index (CPI) 2.86 per cent in the previous month and 4.58 per cent in April 2018, said the data released by the Central Statistics Office (CSO). As per the data, the inflation in the food basket was 1.1 per cent in April, up from 0.3 per cent in March. (Text: PTI)
The inflation rate has fallen sharply from a peak of more than 12% in November 2013
Responses were drawn from over 300 manufacturing units from both large and SME segments with a combined annual turnover of over Rs 3.56 lakh crore.
Net outflow of HNIs that India saw in 2018, was higher than UK, which is in the middle of a political unrest.
India's industrial production contracted by 0.1 per cent in March this year, the lowest in 21 months, mainly due to manufacturing sector slow down, official data showed Friday. Factory output, as measured in terms of the Index of Industrial Production (IIP), had grown by 5.3 per cent in March 2018, according to data released by the Central Statistics Office (CSO).
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