With some inspired but careful tax breaks and spending measures before and during the next budget, the government may yet salvage its reputation just in time for elections due in 2019
The lingering impact of demonetisation is visible in the low growth of construction.
Morgan Stanley report estimate August CPI and WPI inflation to rise further to 3.0 percent and 2.1 percent year-on-year respectively
Inflation was 1.46 percent in June - the slowest pace since the government started releasing retail inflation data in January 2012 based on combined data for rural and urban consumers.
The retail inflation, which the RBI mainly factors in while deciding interest rate, has declined to historical low of 1.54 percent in June.
Any index is created based on a basket of goods which exists at a point of time, which is taken to be the base year, and then is tracked either in quantity terms (IIP) or prices (WPI) over a period of time.
The Central Statistical Office (CSO) revised India's wholesale price index (WPI) and industrial production (IP) series last week, changing the base year to 2011-12 (from 2004-05).
The consumer price index (CPI) based retail inflation for March 2017 was revised slightly upwards to 3.89 percent, from 3.81 percent recorded previously.
The old IIP was including data from factories which had been closed down and therefore were not contributing to the index
If declining trend in CPI sustains, MPC will come under tremendous pressure from the Narendra Modi-government to offer a rate cut bonanza to support the growth
Sentiments were hampered by negative global cues and heavy selling pressure in banking, consumer durables and healthcare stocks
According to official data, food prices saw a sharp rise of 3.12 percent in March compared to 2.69 percent in the previous month
According to a report formulated by Crisil chief economist Dharmadikari Joshi and his team, "The main reason for the faster growth in manufacturing GDP is that growth in the value of inputs used for production has been slower than the value of the final output."
Consumer price inflation dropped in January to 3.2% from 3.4% in December, but is likely to rise in February, says a report by Capital Economics
WPI inflation in vegetables, at (-)24.10 percent in November, saw deflationary pressure for the third consecutive month. This was helped by a substantial price fall in onions, which stood at (-)51.51 percent.
India's annual rate of inflation based on wholesale prices touched a two-year high in August at 3.74 percent from 3.55 percent in the month before, official data showed in September.
WPI inflation, which was in the negative zone from November 2014 to March 2016, has been firming up for the last five months
Ideally, monetary policy should target producer prices which are what can be influenced by interest rates as there is leverage here.
The impact of the passage of this Bill has to be tracked closely as presently all the research and expectations are based on theoretical foundations and it is only when the tax system is implemented that the real impact will be known