India Economy Update - Exports Under Pressure; Domestic Economy Seems Resilient: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Nirmal Bang Report.In the first fortnight of November 2022, the domestic economy continued to hold up well while data revealed that exports are under pressure. India's merchandise exports declined by 16.7% YoY while imports grew by 5.7% YoY in October 2022. Non-oil, non-gold imports grew by 2.4% YoY. Urban unemployment edged up to 7.9% from 7.2% in the previous fortnight. Rural unemployment moderated to 6.6% from 7.8% in the previous fortnight, suggesting possibility of a rural pick-up. Area sown under rabi crops was reported at 26.9 million hectares as of November 18, 2022, up 7.2% YoY. Acreage under wheat increased by 14.7% YoY while area under coarse cereals decreased by 2.8% YoY. Area sown under pulses was down by 3.7% YoY while area under oilseeds grew by 12.8% YoY. According to the latest data, procurement of rice stood at 16.91 million tonnes as on November 15, 2022, up by 1.9% YoY. Electricity generation and credit growth remained healthy, although both dipped marginally from the previous fortnight..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Economy Update - Exports Under Pressure; Domestic Economy Seems Resilient: Nirmal Bang

India's merchandise exports declined by 16.7% YoY while imports grew by 5.7% YoY in October 2022.

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