ShreeMetalPrices: Economic Survey 2023 warns over supply chain disruptions and a slowdown in Indian exports
According to the Economic Survey 2023, exports may slow and weaken as a result of a possible worldwide economic recession. The survey issued a warning that “complex international commodity prices & disturbances in raw material supply could pressure on industrial growth in the face of further challenges at the global level.” Additionally, it issued a
ShreeMetalPrices: Reserve Bank of India to Increase the Repo Rate by 25 bps to 6.50% in Feb.
A survey of economists indicated that Reserve Bank of India (RBI) is likely to hike its ‘ interest rates by mild 25 basis-point increase to 6.50% at the meeting 1 week from Delhi’s February 1 budget. While leaving the rest at a certain level for rest of the year. These expectations remained the same as
ShreeMetalPrices: Copper keeps rising as market confidence stems from Chinese Reopening and economic growth
Copper prices rose on Friday as traders awaited the reopening of Chinese markets, which would provide clarification on how fast demand in metals will increase following the country’s lifting of strict COVID-19 restrictions.By 1015 GMT, the price of 3-Month copper on London Metal Exchange (LME) increased 0.3% to $9,330 per tonne on light trading. Despite
ShreeMetalPrices: US economic growth last quarter dropped but still expanded at 2.9%
Despite the pressure with rising interest rates and increasing concerns about an impending recession. United States economy grew at a 2.9% annualised from Oct to Dec, finishing 2022 with momentum.According to the estimate released by the Commerce Department on Thursday, the country’s gross domestic product. Which is the most comprehensive indicator of economic production, slowed
ShreeMetalPrices: Thai central bank hikes key interest rates by 25 basis points
Thailand’s (Thai) central bank have chosen to boost its benchmark policy rate by 25 basis points for fourth time in a row in an effort to reduce excessive inflation and encourage economic growth. According to the Xinhua news agency. The Monetary Policy Committee of Bank of Thailand firmly decided to increase the policy rate of
ShreeMetalPrices: Indian Government to priorities MSME and semiconductor industries: FM
The state budget for this year will place special emphasis on the semiconductor, MSME, and wind energy sectors in addition to more key sectors other than agriculture and health. Public suggestions have also been request by the Indian govt. The Indian govt’s major aim, according to finance & commercial taxation minister Jagdish Devda, is to
ShreeMetalPrices: China’s development finance to economies reach a 13 Year low.
Due to Beijing’s restrictions on financing for large-scale oil projects, loans made by China’s two primary trade policy banks reached a 13-year lowest of $3.7 billion in 2021. According to a Boston University Global Development Policy Center survey. Export Import Bank of China and China Development Bank commitments to 100 poor countries have decreased each
ShreeMetalPrices: Indian government will borrow funds in 2023-24 to a record high of 16 trillion rupees
According to a survey of economists, the Indian government would borrow a historic record of 16 trillion rupees “$198 billion” in the fiscal year 2023-24. The economists surveyed believed that infrastructure investment and fiscal responsibility should be the government’s top budget goals. Since Prime Minister Narendra Modi entered power, his administration has spent significantly to
ShreeMetalPrices: Glencore’s Antapaccay copper mining in Peru has been halted due to fire break out.
Glencore’s giant Antapaccay copper mining in Peru was disrupted once on Friday. When a fire spread into an adjacent worker housing complex. Which is thought to have ignited by protestors, said a source aware of the situation. People are see placing explosive stuff close to one of the mine’s fencing in a video which the
ShreeMetalPrices: India’s population surpasses China to become the largest in the world. Will this help the economy?
India has surpassed China in terms of population, and as a result, a number of demographic concerns, including labour markets and birth rates, are becoming important trends to keep an eye on in these two Asian economic powers. While China, which is ageing, is anticipated to have slower growth following years of strong expansion. India,