India’s total exports estimated to grow at 5.40% in June 2024; Cumulative overall exports during April-June 2024 estimated to grow at 8.60%

India’s merchandise exports grew 2.55% year-on-year in June 2024, driven by engineering goods, electronic goods, drugs and pharmaceuticals, coffee, and organic and inorganic chemicals.

India’s outward FDI rises to US$ 2.14 billion in June, shows RBI data

India’s outward FDI surged to US$ 2.14 billion in June 2024, up from US$ 1.14 billion in the previous year, with equity and debt investments rising significantly.

India commits to enhancing cooperation with Pacific partners: External Affairs Minister Mr. S. Jaishankar

External Affairs Minister Mr. S. Jaishankar outlined India’s priorities in cooperation with Pacific Island nations, focusing on healthcare, infrastructure, renewable energy, and capacity building.

NITI Aayog proposes a minimum 60% local sourcing requirement by value for wind energy plants

NITI Aayog proposes strict revisions to India’s wind energy guidelines, recommending a 60% local content rule to boost cybersecurity and reduce reliance on Chinese imports.

Index numbers of wholesale price in India for the month of June 2024 (Base Year: 2011-12)

In June 2024, India’s Wholesale Price Index (WPI) registered a provisional annual inflation rate of 3.36%, driven by increased prices in food articles, food product manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors.

Luxury housing sales increase by 40% YoY

Luxury housing sales in India surged 40% year-on-year in the second quarter of 2024, driven by affluent buyers’ investment appeal for high-end properties.