Some glimpses of yesterday’s session
Mukul Sharma Economics
@mseconomics
Knowledge on Economics, Indian economy, Facts and Figures, Analysis, helpful for UPSC preparation
Mukul Sharma Economics (English)
Are you interested in delving deeper into the intricate world of economics? Look no further than Mukul Sharma Economics! As the name suggests, this Telegram channel is dedicated to all things related to economics, curated by the knowledgeable Mukul Sharma himself. With a background in economics and a passion for sharing knowledge, Mukul Sharma ensures that his channel is a valuable resource for anyone looking to expand their understanding of economic principles and trends. From insightful analysis of current economic events to in-depth discussions on key economic theories, Mukul Sharma Economics covers it all. Whether you are a student, a professional, or simply someone curious about how the economy works, this channel has something to offer for everyone. Join @mseconomics today and start exploring the fascinating world of economics with Mukul Sharma as your guide!
Mukul Sharma Economics
20 Dec, 09:44
Again dont ignore the importance of data science on any career. In today’s world knowledge of handling and analysing data is critical in any field. What I will provide you with is of immense value.
Mukul Sharma Economics
20 Dec, 09:37
Entry to the group closes today. Enrol yourself to the Data Science group if you dont want to miss out on quality data science learning
Mukul Sharma Economics
19 Dec, 10:21
Training on ‘Making awesome graphs’ is going to take place this Saturday at 8:30 PM.
If you are interested to enrol in this training, join the group using the following link -
https://chat.whatsapp.com/IIParc8cvQK2hZ9jVF2REx
The basic training will equip you with life changing data skills.
If you are interested to enrol in this training, join the group using the following link -
https://chat.whatsapp.com/IIParc8cvQK2hZ9jVF2REx
The basic training will equip you with life changing data skills.
Mukul Sharma Economics
16 Dec, 12:44
The report also suggests that the increase in wages for non-agriculture laborers has minimal impact on food inflation. The average daily wage rate for non-agricultural laborers and rural inflation has shown little correlation, indicating that wage increases do not contribute significantly to rising food prices.
Mukul Sharma Economics
16 Dec, 12:44
The report shows that inflation levels among Indian states are converging towards the 4 per cent target level.
Middle- and high-income states have experienced a faster decline in food inflation over the last decade, compared to low-income states.
This trend is attributed to the migration of labor from low-income states to higher-income states in search of employment opportunities, resulting in a quicker disinflation process in the latter.
Middle- and high-income states have experienced a faster decline in food inflation over the last decade, compared to low-income states.
This trend is attributed to the migration of labor from low-income states to higher-income states in search of employment opportunities, resulting in a quicker disinflation process in the latter.
Mukul Sharma Economics
16 Dec, 12:42
According to the Indian Council for Agricultural Research (ICAR), a 1°C increase in temperature beyond 30°C during the grain-filling period can reduce wheat yields by 3-4 per cent.
Mukul Sharma Economics
16 Dec, 12:41
Notably, states like Madhya Pradesh, Uttar Pradesh, Punjab, and Jammu & Kashmir have seen growth in both fruit and vegetable production. However, many northeastern states have reported a decline in per capita production.
Mukul Sharma Economics
16 Dec, 12:41
Per capita availability of fruits and vegetables has increased by 7 kg and 12 kg, respectively, over the past ten years, according to State Bank of India (SBI) report.
However, it highlights several challenges in the agricultural supply chain that continue to impact food consumption across the country.
However, it highlights several challenges in the agricultural supply chain that continue to impact food consumption across the country.
Mukul Sharma Economics
16 Dec, 12:40
Industries like drugs and pharmaceuticals, pearls and precious stones, telecom instruments, and ready-made garments have the highest exposure to the US, with over 30 per cent of their turnover tied to the American market.
On the other hand, sectors like carpets, electronic products, yarn products, and marine products have a high percentage of exports to the US despite their smaller overall export value.
On the other hand, sectors like carpets, electronic products, yarn products, and marine products have a high percentage of exports to the US despite their smaller overall export value.
Mukul Sharma Economics
16 Dec, 12:39
The US remains a crucial market for several key Indian industries. In FY24, the top five export commodities to the US included drugs and pharmaceuticals, pearls and precious stones, petro products, telecom instruments, and ready-made garments, together accounting for 40 per cent of total exports to the country.
Other notable exports include yarn, marine products, and electronic goods, with the latter facing competition from other Asian countries
Other notable exports include yarn, marine products, and electronic goods, with the latter facing competition from other Asian countries
Mukul Sharma Economics
16 Dec, 12:38
The report highlights that India's exports to the United States have followed a similar trajectory to the country's overall export growth since 1991, when India began economic reforms.
As of FY24, the US accounts for 18 per cent of India's total exports, a rise from 16.4 per cent in FY92 but still below the peak of 22.8 per cent in FY00 (financial year 2000).
As of FY24, the US accounts for 18 per cent of India's total exports, a rise from 16.4 per cent in FY92 but still below the peak of 22.8 per cent in FY00 (financial year 2000).
Mukul Sharma Economics
05 Dec, 12:15
Key sectors identified for enhanced cooperation include railways, pharmaceuticals, information technology, aviation, and cybersecurity.
Mukul Sharma Economics
05 Dec, 12:15
Russia and India are on track to achieve the ambitious USD 100 billion trade target by 2030, bolstered by expanding collaborations and diversified trade opportunities.
Mukul Sharma Economics
05 Dec, 12:15
bilateral trade between India and Russia has reached a record USD 66 billion in 2024, marking a fivefold increase over the past five years, with a 9 per cent rise in the first eight months of this year.
Mukul Sharma Economics
05 Dec, 12:13
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
Mukul Sharma Economics
05 Dec, 12:13
The rise in imports of soyoil and sunflower oil lifted the country's total edible oil imports in November by 12% to 1.6 million tons
Mukul Sharma Economics
05 Dec, 12:13
Refiners raised sunflower oil imports to meet robust demand from southern states and replenish depleted stocks caused by lower imports in September and October
Mukul Sharma Economics
05 Dec, 12:13
Soyoil imports in November rose 20% from a month ago to 410,000 metric tons the highest in three months, while sunflower oil imports jumped 43% to hit a four-month high of 341,000 metric tons
Mukul Sharma Economics
05 Dec, 12:12
Indians celebrated the Dussehra and Diwali festivals in October and November, increasing the consumption of sweets and fried food.
Mukul Sharma Economics
05 Dec, 12:12
Festival season demand was good this year, which gave confidence to refiners to buy more to restock
Mukul Sharma Economics
05 Dec, 12:12
Palm oil imports edged 0.5% higher in November from the previous month to 850,000 metric tons
Mukul Sharma Economics
05 Dec, 12:12
Higher palm oil imports by India, the world's biggest buyer of vegetable oils, would help in bringing down inventories in producing countries and support benchmark Malaysian palm oil futures trading near their highest in over two years.
Mukul Sharma Economics
05 Dec, 12:12
India's edible oil imports in November jumped to their highest level in four months as refiners raised purchases of palm oil, soyoil and sunflower oil to replenish inventories after robust demand during festival season
Mukul Sharma Economics
05 Dec, 12:10
The World Bank International Debt Report, 2024, further said that net debt inflows during the year worked out to be USD 33.42 billion, while the net equity inflows was higher at USD 46.94 billion in 2023.
Mukul Sharma Economics
05 Dec, 12:10
According to the report, external debt stock as a percentage of exports was 80 per cent, while debt servicing was 10 per cent of exports in 2023.
Mukul Sharma Economics
05 Dec, 12:10
While the long-term debt stocks have risen 7 per cent to USD 498 billion in 2023, short-term debt stocks declined marginally to USD 126.32 billion in 2023.
Mukul Sharma Economics
05 Dec, 12:10
India's total external debt has increased by USD 31 billion to USD 646.79 billion in 2023, according to World Bank International Debt Report. The report further said that interest payment increased from USD 15.08 billion in 2022 to USD 22.54 billion in 2023.
Mukul Sharma Economics
05 Dec, 12:09
The composite PMI, the weighted average of comparable manufacturing and services PMI indices, dropped to 58.6 in November from 59.1 in October.
Mukul Sharma Economics
05 Dec, 12:09
Manufacturing PMI fell to an 11-month low of 56.5 in November, according to the figures released earlier this week
Mukul Sharma Economics
05 Dec, 12:09
Official data released last week showed that the services sector grew 7.1% in the second quarter of the current financial year, compared with 7.2% in the first quarter.
Mukul Sharma Economics
05 Dec, 12:09
Employment growth was the fastest since 2005, helped by an increase in sales. Anecdotal evidence indicates a combination of both permanent and temporary hires boosting employment growth, according to the survey conducted by S&P Global
Mukul Sharma Economics
05 Dec, 12:07
Finished steel imports from Japan and Vietnam more than doubled during the period, the data showed. China, South Korea and Japan accounted for 79% of total finished steel imports between April and October.
Mukul Sharma Economics
05 Dec, 12:06
India's overall finished steel imports surged to a seven-year high of 5.7 million metric tons during the April-October period.
Mukul Sharma Economics
05 Dec, 12:06
China, the world's biggest steel producer, mostly shipped stainless steel, hot-rolled coils, galvanised sheets, plates and electrical sheets, among other grades during the period
Mukul Sharma Economics
05 Dec, 12:06
China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase year-on-year
Mukul Sharma Economics
05 Dec, 12:06
India's finished steel imports from China reached an all-time high during the first seven months of the current financial year from April
Mukul Sharma Economics
03 Dec, 09:24
India's merchandise trade deficit - the difference between exports and imports - widened to a two-month high of $27.14 billion in October, compared with $20.78 billion in September. Economists also estimate a slowdown in deposit growth and monthly GST payments to have affected the system liquidity.
Mukul Sharma Economics
03 Dec, 09:24
Core liquidity - system liquidity plus government surplus - reduced from peak surplus of ₹4.6 trillion on September 27 to ₹1.6 trillion on November 15. India's foreign exchange reserves fell by $17.8 billion in the week ended November 15, to reach a four-month low of $657.9 billion,
Mukul Sharma Economics
03 Dec, 09:23
This also led to the weighted average call rate (WACR) moving 22 basis points higher than the policy repo rate at 6.72% on Monday, pushing up borrowing costs for banks. A higher WACR correspondingly pushes up borrowing costs also for companies raising funds through other debt instruments, such as certificates of deposits and commercial papers.
Mukul Sharma Economics
03 Dec, 09:23
The liquidity deficit was because of the balance of payments turning negative in the ongoing quarter at $23 billion, due to persistent outflows from foreign portfolio investors (FPI) and the RBI selling dollars in the market to support the rupee
Mukul Sharma Economics
03 Dec, 09:23
After running surplus liquidity of about ₹1.4 lakh crore for over two months, the banking system saw a decline in cash, prompting the Reserve Bank of India to inject ₹6,956 crore
Mukul Sharma Economics
03 Dec, 09:21
India's fiscal deficit for Apr-Oct FY25 came in at Rs 7.51 lakh crore (46.5 per cent of BE) vis a vis Rs 8.04 lakh crore (45.0 per cent of BE) in corresponding period last year
Mukul Sharma Economics
03 Dec, 09:20
The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025,
Mukul Sharma Economics
02 Dec, 12:46
As per the data, 6,38,998 tonnes were exported in 2019-20 for USD 689.10 million; 8,88,179.68 tonnes for USD 1,040.95 million in 2020-21; 4,60,320.40 tonnes for USD 771.96 million in 2021-22; 3,12,800.51 tonnes for USD 708.33 million in 2022-23; and 2,61,029 tonnes for USD 494.80 million in 2023-24 financial year.
Mukul Sharma Economics
02 Dec, 12:45
The country has exported 2,63,050 tonnes for USD 447.73 million till November 25 of the current fiscal
Mukul Sharma Economics
02 Dec, 12:45
India has exported organic food products worth nearly USD 450 million till November 25 of the current fiscal year
Mukul Sharma Economics
02 Dec, 10:24
Ive emailed RBI Bulletin November 2024. Its a very informative document on the Indian economy
Mukul Sharma Economics
25 Nov, 12:51
The scheme ends in FY26 for every firm, except for Samsung, for which FY25 is the last year. The incentives will be cleared by FY27.
Mukul Sharma Economics
25 Nov, 12:51
The PLI scheme, which was effective from FY21, was amended after most beneficiaries, barring Samsung, failed to meet the targets in the first year. Following this, tenure was extended to six years, with the condition that companies can claim benefits for five years of their choice.
Mukul Sharma Economics
21 Nov, 15:23
https://www.instagram.com/reel/DCo2MlMyq9x/?igsh=MXN1Njl3OWQ4ZmppOA==
Mukul Sharma Economics
21 Nov, 12:51
Fed Governor Michelle Bowman on Wednesday expressed discomfort with the central bank cutting interest rates while inflation continues to run above its target.
Mukul Sharma Economics
21 Nov, 12:50
The Indian rupee weakened to its all-time low on Thursday, pressured by likely foreign outflows from local stocks and renewed strength in the dollar as investors tempered hopes of aggressive rate cuts by the U.S. Federal Reserve.
Mukul Sharma Economics
21 Nov, 01:56
Data is the hottest career and the most in demand skill is data analysis. And it is much simpler than it looks. Having this skill in your CV will give it a huge boost
Mukul Sharma Economics
21 Nov, 01:46
Only 9 people? Come on, don't you want to acquire this priceless skill of presenting and analysing data in a way that you leave a lasting impression?
Mukul Sharma Economics
20 Nov, 13:26
Knowledge of this skill would help you in any area of life. It would enhance your ability to present and analyse data which is in great demand nowadays in any field.
Mukul Sharma Economics
20 Nov, 13:20
Im planning a training on making great looking graphs like these without any knowledge of coding. Let me know who is interested.
Mukul Sharma Economics
20 Nov, 06:13
I have sent two emails to everyone. If still some one has not received it, let me know
Mukul Sharma Economics
18 Nov, 12:56
Amazing to receive all the positive feedback. Much more is coming your way!
Mukul Sharma Economics
18 Nov, 08:29
The email has been sent again. Please check and confirm (on mail) if you have received it
Mukul Sharma Economics
14 Nov, 13:22
There appears to be some issue with the mail, they are bouncing back. Will try to send again. If some of you have received it, let me know
Mukul Sharma Economics
14 Nov, 09:27
If you still have not received the first email, do let me know.
Mukul Sharma Economics
14 Nov, 09:27
Those who have already given email address need to give again.
Mukul Sharma Economics
12 Nov, 03:08
Going to send more valuable stuff which you won't find anywhere in books or internet. And the email community will get offers on courses etc. before anyone else. So if you are still sitting on the fence and missing out, this is the time to join the email community by sharing your email.
Mukul Sharma Economics
11 Nov, 10:18
Email has been sent to all, if not received please check your spam folder
Mukul Sharma Economics
07 Nov, 12:32
This is a very exclusive community which will be getting some high quality content going forward
Mukul Sharma Economics
07 Nov, 12:12
The email has been sent to all. Hope everyone has received it.
Mukul Sharma Economics
06 Nov, 06:46
Last few hours to go before I send the email. Please drop in your email if you haven't already.
Mukul Sharma Economics
05 Nov, 05:37
Hi all please drop in your email address. I’m going to send some useful stuff.
Mukul Sharma Economics
19 Aug, 04:43
* Trade Deficit Increased: India's merchandise trade deficit rose to its highest level in nine months in July.
* Exports Contracted: Overall goods exports decreased by 1.47% compared to the previous year.
* Imports Increased: Imports grew by 7.4%, primarily driven by a 17% increase in crude oil imports.
* Key Factor: High crude oil imports were the main reason for the increased trade deficit.
* Domestic Consumption: Increased domestic consumption of auto fuels contributed to higher crude oil imports.
* Positive Sectors: Engineering products, electronics, pharmaceuticals, readymade garments, tea, tobacco, spices, and meat & dairy products showed export growth.
* Full Year Outlook: Despite the July dip, overall exports are expected to surpass the previous year's level.
* Services Trade: Services exports grew by 8.4% in July, contributing positively to the overall trade balance.
* Exports Contracted: Overall goods exports decreased by 1.47% compared to the previous year.
* Imports Increased: Imports grew by 7.4%, primarily driven by a 17% increase in crude oil imports.
* Key Factor: High crude oil imports were the main reason for the increased trade deficit.
* Domestic Consumption: Increased domestic consumption of auto fuels contributed to higher crude oil imports.
* Positive Sectors: Engineering products, electronics, pharmaceuticals, readymade garments, tea, tobacco, spices, and meat & dairy products showed export growth.
* Full Year Outlook: Despite the July dip, overall exports are expected to surpass the previous year's level.
* Services Trade: Services exports grew by 8.4% in July, contributing positively to the overall trade balance.
Mukul Sharma Economics
19 Aug, 04:38
Services exports in July grew 8.4% to $ 28.43 billion while imports were up 5.8% to $ 14.5 billion. In April-July the services exports grew 9.8% to $ 117.3 billion while imports during the period were up 6.3% to $ 62.95 billion.
Mukul Sharma Economics
19 Aug, 04:37
despite the dip, the exports for the full year will be higher than the last year’s level of $ 437.1 billion.
Mukul Sharma Economics
19 Aug, 04:37
The exports in July were supported by the performance of the engineering products, electronics, drugs and pharma and readymade garments. Engineering exports grew 3.6% to $ 9 billion, electronics exports grew 37.3% to $ 2.8 billion, pharma exports were up 8.3% to $ 2.3 billion while ready made garments exports expanded 11.8% on year to $ 1.2 billion. Significant growth was also seen in tea, tobacco, spices and meat and dairy products.
Mukul Sharma Economics
19 Aug, 04:37
For April-July exports have grown at 4.15% to $ 144.2 billion while imports have grown 7.57% to $ 229.7 billion.
Mukul Sharma Economics
19 Aug, 04:37
The key reason for the relatively higher deficit in July was a 17% increase in crude oil imports during the month to $ 13.8 billion while imports of petroleum products fell 22% on year to $ 5.2 billion
Mukul Sharma Economics
19 Aug, 04:36
Exports contracted 1.47% on year to $33.98 billion in July, while imports rose 7.4% to $ 57.48 billion. The trade deficit of $23.5 billion registered in the month was the highest since October, when it touched $30 billion.
Mukul Sharma Economics
19 Aug, 04:36
India’s merchandise trade deficit rose to the highest level in nine months in July on the back of high crude imports and a contraction in overall goods exports after three straight months of positive growth.
Mukul Sharma Economics
13 Aug, 12:02
Always adopt this figures, facts , analysis approach in studying Indian economy and in writing your answers
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