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27.04.26 - 01:48
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Summer travel gets dearer on conflict, weak rupee (Times of India)
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Indian summer vacation plans to exotic locales are facing a significant setback. A combination of the West Asia conflict and a depreciating rupee has inflated overseas tour package costs by approximately 20%. This surge, coupled with geopolitical instability, has led to a sharp decline in international travel demand, particularly to the Gulf and Europe, impacting the peak summer season....
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27.04.26 - 01:30
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India′s domestic consumption strongest shield against global shocks: Sitharaman (Times of India)
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Amidst global supply chain disruptions, India's economic leaders are prioritizing domestic strength. Finance Minister Nirmala Sitharaman highlighted the vast Indian consumer base as a key defense, while industry titans emphasised strategic self-reliance in manufacturing and a pivot to green energy. This approach aims to leverage India's demographic dividend and workforce to navigate international volatility and accelerate national growth....
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26.04.26 - 11:30
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No hard decoupling: India balances China trade with export push (Times of India)
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India is strategically balancing its trade with China, aiming to boost domestic manufacturing and exports while reducing reliance on Chinese inputs. The nation is building resilient supply chains and increasing its export capacity, though a complete decoupling remains unfeasible. Efforts are underway to diversify sourcing and address the widening trade deficit....
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25.04.26 - 11:42
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Shocker for India′s solar sector: US slaps 123% anti-dumping duty on imports (Times of India)
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The US has slapped a hefty 123.04% anti-dumping duty on Indian solar cells and modules, citing "critical circumstances." This, combined with existing duties, makes US shipments unviable. However, Indian solar firms have already diversified exports to Europe and West Asia, mitigating the immediate impact. The industry plans to challenge the "flawed" findings....
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25.04.26 - 04:42
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Muted Demand During India′s Second-Biggest Gold-Buying Festival, After Prices Surge (ZeroHedge)
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Muted Demand During India's Second-Biggest Gold-Buying Festival, After Prices Surge
Gold demand during one of India's key buying festivals stayed muted on Sunday as record prices curbed jewellery purchases, offsetting a modest uptick in investment demand, according to Reuters.
Indians celebrated Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, when purchasing precious metals is considered auspicious. Only this time near record gold prices - the precious metal closed just over $4800 - kept buyer enthusiasm rather subdued.
"The sharp rally in prices curbed jewellery demand. In volume terms, buying was lower as consumers held back, though in value terms spending was higher due to elevated prices," said Amit Modak, chief executive of PN Gadgil and Sons, a Pune-based jeweller.
Since consumers are, like everyone else, subject to the laws of supply and demand, it is natural that a higher price will lead to lower demand. Gold prices hit a record...
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