India Economy - Quiet Start For Goods Trade In FY25: ICICI Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Merchandise exports grew just 1.1% YoY in April 2024, outpaced by 10.2% YoY growth in imports, and a wider merchandise trade deficit of $19.1 billion. A spurt in oil imports (+20.2% YoY, much more than the 6.1% YoY rise in Brent crude price) was a crucial contributor – correcting for slower oil imports in Jan-March 2024 than the rise in Brent price during those months. The April 2024 spurt in crude oil and edible oil imports is likely to be temporary (precautionary purchases countering price risks amid the fleeting Iran-Israel flare-up). The services surplus widened 9.2% YoY in Jan-Mar-24. While this was slower than the 16% YoY widening of the services surplus in Apr-Dec-23, it will suffice to ensure a comfortable current account surplus of USD 8bn for Q4 FY24. Electronics and chemical exports remain robust, but leading indicators suggest a broad-based acceleration that should include engineering goods and refinery products. If the government notifies the labour reforms soon after the elections, a medium-term surge in labour-intensive exports is likely..Click on the attachment to read the full report:.One Last Dance: Sunil Chhetri To Bid Farewell At The Mecca Of Indian Football.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Economy - Quiet Start For Goods Trade In FY25: ICICI Securities

but YoY rise in services surplus likely to ensure a current account a surplus for Jan-March 2024

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India Economy - Quiet Start For Goods Trade In FY25: ICICI Securities

but YoY rise in services surplus likely to ensure a current account a surplus for Jan-March 2024

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