Exports from India to the United States has risen by 21.4 per cent in 2002 to $11.82 billion, the highest in past decade, the US Commerce department said.
Inflation revised upwards to 7.91% for week ended July 24 from provisional level of 7.51%.
Inflation pierced the 5 per cent mark for the first time this fiscal for the week ended May 22 mainly due to a whopping 9 per cent rise in prices of vegetables and a moderate hike in the prices of other commodities like wheat, eggs and sugar.
Inflation fell marginally to 6.13% for the week ended January 17, but public continued to pay higher prices for essential commodities with primary articles like fruits and vegetables, milk and many manufactured items becoming costlier.
Here is an astonishing fact: on December 10 1998, the spot price for a barrel of West Texas Intermediate crude was exactly $10 and ninety eight cents. Nearly 10 years and one thousand and sixty two per cent later, it is time to ask some impolite questions about oil. Impolite questions are not always obvious questions, though.
Inflation shot up by 0.1 per cent to over 41-month high of 7.61 per cent week ended July 31, mainly due to surge in prices of fruit and vegetables, edible oil and other manufactured products.
Every one knows that International politics plays a key role in deciding the 'power centers' among nations and a few know that there exists a relationship between international politics and commodity markets that had existed from time immemorial.
An overall assessment of the Chinese civilian nuclear programme reveals that the objectives are well defined, the roadmap is clear, assistance from western countries is forthcoming readily and will be appropriately exploited to establish a strong, comprehensive indigenous capability. In contrast, India would appear to be behind in all the above aspects
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