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 S&P Global Ratings revised India's outlook to "Positive" from "Stable" in May 2024, while affirming the 'BBB-' long-term sovereign credit ratings. This indicates that there is a possibility of an upgrade to 'BBB' in the future, but the timeline is not specified. S&P mentioned that they may raise the ratings if they observe: Sustained improvement in the central bank's monetary policy effectiveness and credibility , leading to a durably lower inflation rate over time. Continued robust economic growth that strengthens India's external position. Further consolidation of the government's fiscal position , leading to a declining net general government debt/GDP ratio. The actual upgrade to 'BBB' will depend on India's performance in these areas over the next 12-24 months. If India continues to demonstrate strong economic fundamentals and effective policymaking, an upgrade is likely within this timeframe. However, if...

  Total exports of merchandise and services in FY 2024-25 begins with strong growth of 6.88% estimated at USD 64.56 Billion in April 2024 as compared to USD 60.40 Billion in April 2023. GOI has released a PIB release on  Trade metrics: Here are some key points from the release: Overall Exports: India's total exports (merchandise and services combined) for April 2024 are estimated at USD 64.56 billion, reflecting a 6.88% increase compared to April 2023. Merchandise Exports: Merchandise exports witnessed a modest growth of 1.08% at USD 34.99 billion in April 2024 as compared to USD 34.62 billion in April 2023. Import Growth: However, merchandise imports grew at a faster pace of 10.30%, reaching USD 54.09 billion in April 2024 compared to USD 49.06 billion in April 2023. Trade Deficit: This resulted in a widening of the merchandise trade deficit to USD 19.1 billion in April 2024. The PIB release also highlights some positive aspects within merchandise exports: Growth ...

 Y ou all might have noticed that Congress rhetoric is only on " redistribution " and has no clue on baking a bigger " Apple pie". They have relegated Building a Better and Bigger Bharat to irrelevance and they very well know only Modi can deliver a bigger shareable "Apple pie". Journalists and media have a responsibility in calling this bluff of Congress! Congress " redistribution" policy is for bitter and beggar Bharat and people will have to be educated that you cannot legislate to make poor , rich and vice versa is what Congress is intending to do! Congress has morphed into Communists - making CPM and CPI jobless already!!This Marxist, Maoist communist philosophy has no takers in today's world. We all know that you can distribute poverty and bringing everybody down to poverty is easier- it is like distributing the marks obtained by class toppers to everybody in the class!! After such "redistribution" t he marks left with the top...