Opening Bell
#Monsoon
In its long-range forecast for the upcoming Monson season 2024, IMD has forecasted monsoon to be above normal in nature with rainfall at 106% of long period average.
#Pharma
As per Ministry of Commerce, pharmaceutical exports grew ~13% YoY to US$ 2.8 billion for the month of March 2024.
For FY24 exports grew ~10% YoY to US$ 27.9 billion.
#Chemicals
As per Ministry of Commerce, Organic and In-organic chemical exports grew ~40% to US$ 3.8 billion for the month of March 2024.
For FY24 however, exports de-grew~3% to US$ 29.4 billion.
Imports of Organic and In-organic chemicals de-grew 19% to US$ 2.1 billion for the month of March 2024.
For FY24, imports degrew 20% to US$ 26.7 billion.
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