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Union Budget 2023-24
“The budget is beautifully balanced as India is all set to become a US$ 5 trillion economy…the budget gives a big leg-up to capital investment, looks at MSMEs as they are the engine of growth, sustains capital investment and also gives a push to the private sector while giving tax reliefs to individuals and the middle class.” – Finance minister, Nirmala Sitharaman
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Monthly Economic Report (November 2022)
India’s economy grew quicker than other economies in the first half of 2022-23, attributable to increased demand and investments. The inflation rate has been declining since October, with the Consumer Price Index (CPI) inflation reaching its lowest point in eleven months in November, and it was beneath the Reserve Bank of India’s (RBI) upper target band for the first time in 2022, mainly due to the decrease in food inflation.
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Market Research: Frozen Bovine Meat Market in Vietnam
India is still dominating Vietnam’s frozen buffalo meat import with the main products being boneless cuts
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Market Research: Animal Feed Ingredients in Vietnam
Vietnam’s animal feed will need about 28 30 million tons of material annually in the next 5 years equivalent to 12-13 billion USD with an average annual growth rate of 11-12%
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Market Research: Frozen Seafood Market in Vietnam
With nearly 100 million people and more than 10 million tourists, domestic consumption by 2020 could reach 940,000 tons. The domestic market has great potential for Vietnam’s seafood industry.
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Market Research: Edible Oil & Oil Seeds in Vietnam
Vietnam’s vegetable oil market is facing high competition, especially at the distribution stage, with more than 45,000 big and small distributors across the country, which will create big barriers for new entries, especially for foreign enterprises.
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Monthly Economic Report (October 2022)
In 2022, India’s food security concerns have been addressed and will continue to receive the utmost priority from the government. Easing international commodity prices and new Kharif arrival are also set to dampen inflationary pressures in the coming months. Hiring by firms is likely to witness an improvement in upcoming quarters driven by a rebound in new business hiring as firms continue to benefit from the lifting of the COVID-19 restrictions and optimism engendered by the vigorous sales volumes experienced during the festive season
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Monthly Economic Report (September 2022)
India’s growth narrative in the first six months of the current financial year featured the uninterrupted thrust government provided to its capital expenditure that, until August of FY 2022-23, stood 46.8 per cent higher than the corresponding period of the previous year. Rising capital expenditure levels were also supported by stronger revenue generation following an improvement in tax compliance, higher corporate profitability, and growing economic activity.
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Agricultural and Marine Products in Thailand
Presentation highlighting agricultural and marine market opportunities in Thailand
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Monthly Economic Report (August 2022)
When slowing growth and high inflation are afflicting most of the world’s major economies, India’s growth has been robust, and inflation is in control. Rapid vaccination coverage and well-calibrated short term policy measures have skilfully navigated the economy through turbulent times, preparing a solid foundation to build a prosperous nation in the years ahead. Prudent fiscal management and credible monetary policy will remain essential for India to fulfil its growth aspirations.
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Analysis of Logistical Issues impacting India-Turkmenistan trade and possible solutions
Country overview and industrial regulations of Turkmenistan, current logistics scenario between India and Turkmenistan, and strategy for Indian businesses to deal with logistical issues
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Doing Business in Turkmenistan
Report includes industry regulations of Turkmenistan, registration process for starting business in Turkmenistan, and specific issues for Indian companies related to custom clearance
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Monthly Economic Report – July 2022
India’s growth outlook for 2022-23, though lower than projections made before the outbreak of the conflict in Europe which resulted in a sharply higher price for crude oil and other essential commodities, is still comfortably high and confirms the recovery of the economy from the pandemic-induced contraction in 2021-22. The private sector and banking sector balance sheets are healthy and there is an appetite to borrow and to lend respectively. Therefore, barring further adverse shocks to commodity prices, India’s terms of trade, economic growth will consolidate and retain its momentum into 2023- 24.
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Monthly Economic Report (June 2022)
Economic activity is holding up better than expected despite the ongoing geopolitical tensions; rise in interest rates in America and in India and the elevated price of crude oil and few other commodities. The services sector recovery is continuing, and manufacturing strength is steady. There is an apparent keenness to invest on the part of the private sector. Banks are willing to lend and their financial health, as the central bank’s stress tests reveal, is quite strong. Brisk GST receipts monthly confirm the momentum in the economic activity.
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Monthly Economic Report (May 2022)
The balancing act between maintaining growth momentum, restraining inflation, keeping the fiscal deficit within budget and ensuring a gradual evolution of the exchange rate in line with underlying external fundamentals of the economy is the challenge for policymaking this financial year. Successfully pulling it off will require prioritising macroeconomic stability over near-term growth.