New Delhi: India‘s industrial economy is expected to receive a festive bump, growing around 6% year-on-year in the next couple of months with improvement in monsoon rains, softening inflation, and election-related rise in spending adding to the festive sentiment. Industrial growth hit a three-month high of 5.7% in July from 3.8% in June. “You can’t … Read more
India’s factory output sputtered in the month of December remaining almost flat with a meagre growth of 0.4 per cent. The overall output was dragged down by manufacturing as it contracted by 0.1 per cent. Electricity and mining output grew by 2.8 and 2.6 per cent respectively. Weakness in consumer durables shows that the economy, … Read more
Foreign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents’ overseas financial assets rose by USD 31.9 billion during the same period, RBI data showed on Friday. According to India’s International Investment Position (IIP), the liabilities stood at USD 1,258.9 billion during the July-September quarter as compared to USD … Read more
India’s factory output registered a growth of 3.2 per cent in the month of October led by growth in primary goods. The growth comes on the back of 4.5% rise witnessed in the same period last year as the economy was recovering from the first round of lockdown-induced contraction. The consumer durables sector failed to … Read more
Core sector output grew 8.9% in June, easing from double-digit increases in the previous three months as the favourable base effect dissipated. The rise in the index of eight core sector industries in June was still heavily influenced by the base effect of 12.4% contraction in June last year, helping mask the weakness in the … Read more
In a mixed bag of economic indicators, India’s factory output expanded after a six-month gap in September as the economic recovery gathered pace. However, retail inflation climbed to an above six-year high in October, driven by higher food prices, ruling out further monetary easing. Industrial production, as measured by the index of industrial production (IIP), … Read more
New Delhi: Stimulus measures announced by the government before the festive season will support growth momentum as it will provide a push to consumer demand and traction to the unorganized sector, says a report. According to Dun & Bradstreet’s latest Economy Forecast report, capital expenditure as a part of the stimulus measure will help in … Read more
Factory output contraction slowed further in the month of June as the economy gradually began opening up. The Index of Industrial Production contracted by 16.6 per cent in June compared to a 33.9 per cent contraction seen in the month of May when restrictions had started easing. The slowing of contraction is in line with … Read more
MUMBAI: THE RBI has said that sharp drop in the index of industrial production numbers would prompt a ‘wait and watch’ policy stance, indicating that there may not be any more rate hikes this year. Speaking on the on the sidelines of the annual CFI summit RBI deputy governor Subir Gokarn said, “The signals we … Read more