▶️ Trade Talks: US Trade Representative Jamieson Greer will visit India on June 23-24 for key bilateral trade discussions.
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▶️ Export Surge: India’s merchandise exports jumped 18% in May, though the trade deficit widened to $28.21 billion.
▶️ Inflation Spike: Wholesale inflation accelerated to 9.68% in May, driven by a sharp increase in crude oil prices.
▶️ Job Market: India’s unemployment rate rose to 5.5% in May, indicating softer labour market conditions.
▶️ Auto Demand Strong: SUVs powered record passenger vehicle sales in May, while scooters drove the highest-ever two-wheeler volumes.
