The wholesale price inflation surged to 16 months high in June as food and manufactured product prices shot up. Data released by the Commerce and Industry Ministry showed inflation, as measured by the wholesale price index, rose an annual rate of 3.4% in June from 2.6% in May. Food inflation hit double digits at 10.9% […]
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India’s exports grew for the third straight month, rising 2.6% to $35.2 billion, while imports increased 5% $56.2 billion. As a result, trade deficit rose to $21 billion, compared with $19.2 billion a year ago. The engineering goods, whose exports rose over 10% to $9.4 billion in June and electronics (16.9% to $2.8 billion), were […]
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