Ind-Ra predicts negative outlook for diamond exporters in FY18
The Dollar Business Bureau India Ratings and Research (Ind-Ra) on Friday said that it has kept a negative outlook on the cut and polished diamond exporters and a stable one on the organised jewellery retailers for the financial year 2017-18. According to the World Gold Council (WGC), the demand for gold jewellery in India fell steeply by 22% year-on-year to reach a 7-year low of 522 MT in 2016. The demand was severely impacted due to several events that occurred last year like country-wide strikes by jewellers and the severe cash crunch due to the withdrawal of 500 and 100 rupee notes by the Government. After a four-month disruption on both supply and demand side, the decline in consumers demand was led due ...
Industrial output falls by 0.8% in April
The Dollar Business Bureau India’s industrial production declined by 0.8 percent in April, due to sharp reduction in capital goods output and manufacturing activities, leading to several requests for proactive steps by the government to improve demand. This is the first fall in three months. Factory production had expanded by 3 percent in April 2015, in terms of Index of Industrial Production (IIP). According to the IIP, production of capital goods, a measure of investment, fell drastically by 24.9 percent in April this year as compared to a growth of 5.5 percent in the same month in 2015. A data released by The Central Statistics Office (CSO) on Friday showed that manufacturing, which comprises over 75 percent of the index, declined by 3.1 percent ...
Indias exports to remain weak in FY2017
The Dollar Business Bureau India’s export is expected to stay low in fiscal 2017, India Ratings and Research said in a report on Tuesday. "We believe that export performance is likely to stay weak in FY17, as globally economies struggle to stabilise,” the research agency said in its report. India’s export was $62.55 billion in the last quarter of 2015 as compared to $65.53 billion in the third quarter of the previous financial year. The research agency also believes that the rupee will weaken and will trade at an average of 67.5 in FY17. “Evidences of linkages between exchange rate and trade performance are weak and do not suggest a strong relation,” the report added. India’s total export value is expected to be close to ...
Next fiscal likely to open up new export markets for Dairy Industry
Jayarama Emani | The Dollar Business “The global dairy market is in turmoil. One of the reasons for this turmoil is the new strategy adopted by China lately,” said India Ratings & Research (Ind-Ra), a credit rating agency. In its latest report on Indian Dairy Industry released on March 19, 2015, Ind-Ra said that China instead of importing milk and milk items is increasingly meeting its dairy demand by buying up diary assets in New Zealand. This is similar to the strategy China adopted earlier with respect to sourcing of natural resources to meet its domestic demand. India’s dairy exports haven’t performed well during the first eight months of FY15 due to a drop in international prices backed by lacklustre international demand, rising domestic ...
