Arvind Subramanian’s wisdom of hindsight on GDP numbers puts India in a tricky spot; tells us we were living an illusion
Often, India’s GDP growth pace has been compared with that of China, also the country’s status of being world’s fastest growing major economy.
GDP data at five-year low mirrors all that is wrong in Indian economy; Narendra Modi's new govt must take note
There is a need for deep introspection and direct action to revive the economy.
RBI may slash repo rate by 25 bps in June amid subdued domestic industrial activity, global slowdown woes: Report
According to the report, on the domestic front, subdued industrial activity and uncertainty on trade will add to the delay in the revival of industrial investment.
Industrial output contracts 0.1% in March to lowest in 21 months as manufacturing sector growth slows down
Industrial output growth was 4.6 percent and 3.3 percent in 2016-17 and 2015-16, respectively.
IIP at 20-month low in February: Growth worries deepen as manufacturing sector stress continues to hammer factory output
The IIP numbers are typically touched with a bit of suspicion by seasoned economists as these are highly volatile monthly numbers. Sudden spikes and drops are normal and don’t get over hype.
Retail inflation inches up to 2.86% in March on rise in food, fuel prices; industrial output growth at 0.1% in February
The inflation based on Consumer Price Index was 2.57 percent in February this year. On yearly basis, it was 4.28 percent in March 2018.
Weak exports, rural distress, uncertainty over election outcome to drag down industrial production: Report
According to Dun and Bradstreet's (D&B) latest Economy Forecast, the Index of Industrial Production (IIP) is likely to have grown by 3-3.2 percent during February 2019
Going by the trend so far in the campaign season, Rahul Gandhi is faltering in his job.
January IIP at 1.7%: Why a consistent downward trend in factory output data over last few months is worrying
The IIP trend over last 6-8 months would perhaps put pressure on the Monetary Policy Committee to go for a sharper rate cut as early as in April to support growth.
IIP at 1.7%, CPI at 2.57% in January: Growth slowdown disappointing, but wasn't unexpected; MPC may have reason to rush for rate cut
Industrial growth is an important indicator of the real sector as most of the GDP growth we have seen so far is due to services where the government plays an important role
Sensex rises over 100 points led by gains in banking stocks amid continued buying by foreign investors; Nifty above 11,300-mark
The 30-share index was trading 134.95 points, or 0.36 percent, higher at 37,670.61, while the 50-share NSE Nifty climbed 22.10 points, or 0.20 percent, to 11,323.30.
Industrial growth remains subdued at 2.4% in December on contraction in mining, poor show by manufacturing sector
Industrial output growth remained subdued at 2.4 percent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector
Sensex, Nifty turn cautious ahead of IIP, inflation data releases; Infy, TCS, Hero MotoCorp among major losers
Sensex was trading 3.66 points, or 0.01 percent, lower at 36,391.37 in early trade
The rupee opened lower at 71.21, but recovered to trade 6 paise higher at 71.12 against the dollar.
India's industrial activity likely to remain subdued in near-term on muted domestic demand, weak global outlook: Report
According to D&B Economy Forecast, concerns about the government curtailing its investment due to significant shortfall in tax collections against the target, are expected to keep the industrial activity subdued in the near term.
Industry calls for rate cut by RBI as retail inflation drops to 18-month low of 2.19% in December 2018
"The continuing deceleration in the growth of WPI and softening of global fuel prices provide ample opportunity to MPC (monetary policy committee) to cut down policy rate at earliest which will kick start investment and revival in overall industrial growth," Assocham said.
Industrial growth falls to 17-month low of 0.5% in November on contraction in manufacturing sector; power output grows
The manufacturing sector, which constitutes 77.63 percent of the index, recorded a contraction of 0.4 percent in November as against a growth of 10.4 percent a year ago.
It is quite possible that non-food WPI and manufacturing will also fall in coming months for two reasons
October CPI at 3.31% and September IIP at 4.5%: Inflation numbers come as breath of fresh air, show economy is on right track for now
Two things stand out in the CPI inflation number. The first is that the food items basket is responsible for this low number. The other concern which will definitely be the focus for the RBI is core inflation which is now above 6 percent.