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IIP at 20-month low in February, retail inflation picks up in March, 13th Apr 2019

India’s factory output growth dropped to a 20-month low in February in a worrying sign for the country’s growth prospects, while retail inflation accelerated in March but remained within the central bank’s comfort zone, creating room for more interest rate cuts. Read More


RBI monetary policy: Reserve Bank cuts repo rate by 25 bps to 6%

Business Standard, 4th April 2019

The Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points to 6 per cent in the first bi-monthly monetary policy meet of the financial year (FY) 2019-20. It was the first back-to-back rate cut by the central bank since the Monetary Policy Committee (MPC) was formed in late 2016. Read More


IIP growth slows to 1.7%, retail inflation rises to 2.57%, 12th Mar 2019

Industrial activity slowed in January 2019 growing by just 1.7% due in large part to a deceleration in the manufacturing, electricity, and capital goods sectors, official data released on Tuesday showed. In a separate release, government data showed that retail inflation in February snapped a four-month declining trend by rising to 2.57%. Read More


IIP grows at 2.4% in December against 7.3% in year-ago period

Business Standard, 12th Feb 2019

Industrial output grew by 2.4 per cent in December, up from 17-month low of 0.3 per cent in November, showed data released by the Central Statistics Office (CSO) on Tuesday Read More


India’s softer wholesale inflation opens door to monetary easing, 14th Jan 2019

Wholesale food prices in December remained almost flat, up 0.07% year-on-year, compared with a 2% fall a month earlier, government data showed Read More


Weak IIP data prompt calls for RBI to downgrade GDP growth, 14th Jan 2019

The Reserve Bank of India (RBI) needs to soften its economic growth narrative and lower its projections for the current fiscal year Read More


Industrial output growth fastest in 11 months at 8.1 per cent in October, 12th Dec 2018

India's industrial output grew at an 11-month high of 8.1 per cent in October mainly on the back of mining, power and manufacturing sectors coupled with higher offtake of capital as well as consumer durable goods Read More


RBI policy: MPC keeps repo rate unchanged at 6.50%, 5th Dec 2018

As expected, the monetary policy committee (MPC) today kept the benchmark repo rate unchanged at 6.50 percent. The committee also kept its stance unchanged at 'calibrated tightening' Read More


India’s Q2 GDP growth rate falls to 7.1%, but retains fastest growing economy tag, 30th Nov 2018

The Indian economy grew at 7.1 per cent in the July-September quarter of the current fiscal, down from 8.2 percent in the previous quarter (April-June), according to government data released Friday. However, it still remained ahead of China to retain the tag of the world’s fastest-growing major economy Read More


IIP growth slips to 4.5% in Sept; retail inflation falls to 3.31% in Oct

Business Standard, 12th Nov 2018

Growth in industrial output slowed to 4.5 per cent in September against 4.7 per cent in the same month last year as the festival season started late this year compared to 2017.

Growth faltered as the output of capital goods and mining expanded at a slower pace in September than in the previous month Read More


Fuel, manufactured products inflation surge main contributing factors, 15th Oct 2018

The Wholesale Price Index (WPI) based inflation for September 2018 came in at 5.13 per cent, much higher than the August 2018 print of 4.53 per cent Read More


Monetary Policy: RBI leaves repo rate unchanged at 6.5%; Sensex crashes 792 points, 5th October 2018

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent.  The decision was taken at the fourth bi-monthly monetary policy committee meeting led by RBI Governor Urjit Patel amidst market expectations of further tightening by the central bank Read More


India’s factory output at 6.6% in July vs 7% in June, 12th Sep 2018

India’s industrial production growth fell to 6.6 percent in July as compared to a revised 6.9 percent in June, data released by statistics office showed. It expanded 1 percent in July last year. The June IIP figure has been revised from 7 percent earlier Read More


Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances, 7th Sep 2018

India’s current account deficit (CAD) widened to a four-quarter-high at 2.4% of gross domestic product (GDP) in April-June period on the back of rising crude oil prices, from 1.9% of GDP in the January-March quarter of 2017-18, according to data released by the Reserve Bank of India (RBI) Read More


India's factory growth eases in July on weaker demand: PMI, 1st August 2018

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, decreased to 52.3 in July from June's 53.1, below a Reuters poll median of 53.0 Read More


India’s Industrial Output Growth At Seven-Month Low In May, 12th July 2018

After gathering pace in April, India’s industrial activity declined sharply in May mainly due to a slowdown in manufacturing activity Read More


India’s Industrial Output Rises 4.9% In April, 12th June 2018

India’s industrial activity gained pace in April after moderating in the previous month led by manufacturing and mining activity. The index of industrial production rose 4.9 percent in April over a year ago, according to data released by the Ministry of Statistics and Programme Implementation. A Bloomberg poll of economists had projected a 5.7 percent growth. For financial year 2017-18, industrial output rose by 4.3 percent over the previous year Read More


India’s IIP growth falls to five-month low of 4.4% in March, 12th May 2018 

The recovery in India’s industrial production faltered in March after manufacturing registering robust growth for four consecutive months, official data showed on Friday, casting doubts on the strength of upturn in the Indian economy Read More


Industrial output expands at 7.1%; March retail inflation eases to 4.28% 

Business Standard, 13th April, 2018 

The macroeconomic scenario for the country looks favourable for now, with industrial output continuing its healthy expansion, albeit at a slightly lower pace, and retail inflation moderating further. However, there are also some bleak signs, such as a contraction in mining in February and a rise in core inflation in March. Besides, oil prices and minimum support prices may lead to a spike in inflation in coming months Read More


Core Sector Grows By 5.3% in February As Cement, Refinery Output Picks Up, 2nd April 2018 

Eight infrastructure sectors grew by 5.3 percent in February, aided by robust performance of refinery products, fertilizers and cement segments Read More


India's exports grow 4.5% in February, trade deficit $12 billion 15th March 2018  

Showing a positive sign of growth, India's exports increased by 4.5 per cent to $25.8 billion in February 2018 as compared to $24.7 billion in February 2017, Commerce Secretary Rita Teaotia said on Wednesday. Imports rose by 10.4 per cent to $37.8 billion in February, leaving a trade deficit of $12 billion. The International Monetary Fund also said on Thursday that India should see its growth picking up this year after two major structural reforms - demonetization and GST - while China's growth is likely to fall gradually Read More

India’s trade deficit in January rises to 56-month high of $16.3 bn, 16th Feb 2018 

India’s trade deficit shot up to a 56-month high of $16.3 billion in January as imports of precious stones and crude oil surged during the month while growth in exports slowed down Read More


Dec industrial production grows 7.1%; Jan retail inflation eases to 5.07% 

Business standard, 12th Feb 2018

Industrial output grew by 7.1% in December, maintaining the recovery momentum, on the back of robust performance by manufacturing as well as higher offtake of capital goods and non-durable consumer goods Read More


RBI monetary policy LIVE: RBI keeps repo rate at 6%, flags inflation risks

Business standard, 7th Feb 2018 

The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time today in view of firming inflation Read More


India's trade deficit widens to over three-year high in December, 15th Jan 2018 

India’s December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday Read More


November wholesale inflation at 3.93% vs 3.59% in October, 13th Dec 2017 

India's wholesale inflation grew at 3.93 percent during November, more than 3.59 percent in October, due to increase in prices of food and fuel products Read More


WPI inflation accelerates to 3.59% in October, 14th Nov 2017   

In sync with retail price inflation, India’s wholesale price inflation accelerated to 3.59% in October from 2.6% a month ago on the back rising vegetable prices Read More


India’s GVA growth may rise to 6.3% in September quarter, says Nomura report

Financial Express, 22nd Oct 2017, 14th Nov 2017

The Indian economy is expected to see a rebound in the July-September quarter of this year with a GVA growth rate of 6.3 per cent, says a Nomura report. Nomura’s proprietary indices suggest that growth bottomed out in the second quarter and a recovery is underway in the third quarter, largely because consumption and investment indicators have improved in the third quarter Read More


India’s IIP in August highest in 9 months, inflation unchanged, 13th Oct 2017 

India’s IIP in August rose to 4.3% as companies stepped up production to restock warehouses ahead of the festive season, inflation unchanged at 3.28% in September Read More


Monetary policy review: RBI leaves key rates unchanged, 4th Oct 2017 

The RBI has decided to maintain status quo and keep its key interest rate, the repo rate, unchanged at 6 per cent. It had last cut rates by 25 bps two months earlier in its August review. The pause was on expected lines as market consensus had predicted a pause in its cutting cycle Read More

IIP shrinks 0.1%; at 4-year low, 12th Aug 2017 

Industrial activity falls in June amid 6.77% contraction in output of capital goods. Industrial activity in June contracted 0.1%, the lowest reading since June 2013, driven primarily by a 6.77%contraction in capital goods Read More

IIP growth slows to 1.7% in May 2017
Business Standard, 12th July 2017
India's industrial production (base year 2011-12=100) increased at slower pace of 1.7% in May 2017 over May 2016. The manufacturing sector's production rose 1.2% in May 2017. Meanwhile, the electricity generation galloped 8.7%, but mining output declined 0.9% in May 2017. The growth for April 2017 has been revised downwards to 2.8% from 3.1% reported earlier Read More

WPI inflation slows to 2.17%, 15th June 2017
Wholesale inflation slowed sharply in May to 2.17% from 3.85% in April, as food prices eased — an indication that farm incomes continue to be depressed Read More

Industries reiterate rate cut demand as IIP growth slows, inflation falls
Business Standard, 13th June 2017
With slowing down of industrial production growth to 3.1 per cent in April and falling consumer price index to 2.18 per cent in May, industry players on Monday reiterated their demand for an interest rate cut by the Reserve Bank of India (RBI). Read More

May services sector PMI growth fastest in 4 months, 5th June 2017
Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said today. Read More

India's exports rise 20% in April to nearly $25 billion, 16th May 2017
Strong performance by petroleum, engineering and textiles sectors pushed up India's exports growth by 19.8% to $24.6 billion in April. However, trade deficit also witnessed about threefold increase to $13.2 billion, mainly on account of a sharp jump in gold and crude oil imports during the month. Read More

IIP, inflation data show turnaround may be on the way, 13th May 2017
Factory production, measured on a new, more recent base year, grew more robustly and in a less volatile manner than had been presumed in the year to March, indicating that an industrial turnaround may be under way. Retail inflation slowed to a record low in April. Read More

Manufacturing sector grows for 4th straight month in April: Survey, 2nd May 2017
Indian manufacturing sector registered growth for the fourth straight month in April, but at an unchanged rate from the previous month, as rise in new orders was offset by moderate increases in output, a survey said. (Reuters). Read More

WPI inflation falls to 5.7% in March due to easing fuel prices
Business Standard, 17th April 2017
India's wholesale prices fell to a lower-than-expected 5.70 per cent after having risen to over a three-year high of 6.55 per cent in February, official data showed on Monday. Read More

IIP shrinks 0.1%; at 4-year low, 12th Aug 2017
Industrial activity falls in June amid 6.77% contraction in output of capital goods. Industrial activity in June contracted 0.1%, the lowest reading since June 2013, driven primarily by a 6.77%contraction in capital goods Read More

Exports rise 17.5% in February, trade deficit at a five-month low, 16th March 2017
India's merchandise exports expanded at a sterling double-digit rate in February, growing for the seventh consecutive month and signaling a turnaround in global demand for Indian goods. Read More

February WPI inflation rises 6.55 percent against 5.25 percent, 12th Aug 2017
Industrial activity falls in June amid 6.77% contraction in output of capital goods. Industrial activity in June contracted 0.1%, the lowest reading since June 2013, driven primarily by a 6.77%contraction in capital goods Read More

India's economy expands 7% in fourth quarter year-on-year, 28th February 2017
India said its economy expanded 7 per cent in the three months to December compared to the same time in 2015 – down just slightly from an estimated 7.4 per cent growth in the previous quarter – despite the shock to the economy from Prime Minister Narendra Modi's November ban on using most of the country's cash. Read More

Indian economy to reach $5 trillion by 2025, says report, 21st Feb 2017
India's millennial population is a massive disruptive force and driven by this supportive demographics along with government's policy action, Indian economy is likely to reach $5 trillion by 2025, says a report. Read More

India December WPI inflation at 3.39%, up from 3.15% in previous month, 16th Jan 2017
India's wholesale price index inflation accelerated to 3.39% in December from 3.15% in November, the government data showed. Reuters, in its economist poll, had forecast a rise of 3.5% in prices for the month. However, food articles inflation for the month was in negative, indicating a 0.7% fall in food prices in December as compared to 1.54% rise in the previous month. Read More

India's IIP rises 5.7% in November, retail inflation decelerates in December, 13th Jan 2017
India's industrial production rose 5.7% in November, its fastest in 13 months, driven by a positive base effect, from a contraction of 1.8% the previous month, shrugging off the initial impact of demonetization. Read More

Core sector output growth slows to 4.9 per cent in November, 2nd Jan 2016
The eight core industries recorded a year-on-year growth in output of 4.9 per cent in November 2016, slower than the previous two months - that is, a 6.6 per cent increase in October and 5.01 per cent in September. Read More

Wholesale price inflation dips to 3.15% in November over demonetisation woes, 14th Dec 2016
India's wholesale price inflation (WPI) decelerated for the third consecutive month to 3.15% in November from 3.39% a month ago as a squeeze in cash availability impacted prices of perishable commodities. Read More

Indian economy grows 7.3% in July-Sept: Govt, 30th Nov 2016
The Indian economy grew at 7.3 per cent in the September quarter of current fiscal, up from 7.1 per cent in the previous three months, mainly on improved performance of manufacturing, services and trade sectors. Read More

FDI jumps 60% in Oct 2014-Sep 2016 after Make in India, 21st Nov 2016
FDI went up 60 per cent to USD 77.86 billion after the launch of Make in India initiative in September 2014, the government said on Monday. Read More

Foreign exchange reserves down $1.19 billion
Business Standard, 18th Nov 2016
India's foreign exchange reserves declined by $1.19 billion to $367.041 billion in the week to November 11 on account of fall in foreign currency assets, Reserve Bank said on Friday. Read More

WPI Inflation cools down to 4-month low of 3.39% in October
Business Standard, 15th Nov 2016
The wholesale price index-based inflation fell to a four-month low of 3.39 per cent in October from 3.57 per cent in the previous month even though the rate of price rise was up slightly in both manufactured and fuel items comprising almost 80 per cent of the index. This meant it was mainly food products which pulled down inflation. Read More

FDI in India rises 30% to $21.6 bn in April-Sept, 6th Nov 2016
Foreign direct investment (FDI) into the country grew by over 30 per cent to $21.62 billion during the first half of 2016-17. Read More

India's manufacturing growth shifts up a gear: Nikkei India Manufacturing PMI
Business Standard, 1st Nov 2016
Nikkei India Manufacturing PMI jumps to a 22-month peak in October Supported by stronger contributions from three of its five sub-components - new orders, output and stocks of purchases - the headline seasonally adjusted Nikkei India Manufacturing Purchasing Managers IndexTM (PMITM) climbed to a 22-month peak in October. Rising from 52.1 in September to 54.4, the latest reading was indicative of a robust improvement in manufacturing business conditions that was in line with the long-run series average. Read More

IIP contracts 0.7 per cent in August, 10th Oct 2016
Factory output in April-August contracts by 0.3 per cent, compared to growth of 4.1 per cent in the year-ago period. Read More

RBI cuts interest rate, raises hopes of cheaper home loans, EMIs
Hindustan Times, 5th Oct 2016
The Reserve Bank of India (RBI) cut a key lending rate to a six-year low in a surprise move on Tuesday, raising hopes of cheaper home loans and EMIs that could help fire demand ahead of the festive season. Read More

India 39th most competitive economy in the world: WEF, 28th Sep 2016
India has climbed 16 places to the 39th rank on the Global Competitiveness Index prepared by the World Economic Forum as improved business sophistication and goods market efficiency pushed its ranking higher. Read More

External debt grows 2% in March; short-term debt falls
Business Standard, 20th Sep 2016
India's external debt stood at $485.6 billion as of March 2016, up 2.2 per cent year-on-year due to a rise in long-term debt, particularly non-resident Indian (NRI) deposits. Read More

India's exports shrink 0.3% to $21.5 billion in August, 12th Sep 2016
India's merchandise exports marginally contracted by 0.3% to $21.5 billion in August for the second consecutive month after expanding for the first time in 19 months in June. Read More

Slower inflation, contraction in IIP spur rate cut hopes, 12th Sep 2016
India's industrial output slowed drastically led by a decline in manufacturing and an almost 30 per cent contraction in capital goods production, signaling a slump in investments. Retail inflation on the other hand slowed significantly, spurring expectations that the Reserve Bank of India (RBI) would likely reduce interest rates later this year to support economic growth. The Index of Industrial Production (IIP) contracted 2.4 per cent in July, compared with a growth of two per cent in June, mainly on account of weakness in manufacturing, which contracted 3.4 per cent. Inflation based on the Consumer Price Index (CPI) was 5.05 per cent in August, slower than 6.07 per cent in July, according to official data released on Monday. Read More

Core sector growth slows to 3.2% in July, 31st August 2016
Growth in the country's core sector slowed down to 3.2 per cent year-on-year in July from 5.2 per cent in June, according to the data released by the government on Wednesday. This was partly due to monsoon that hit output in sectors such as cement. Read More

WPI-based inflation doubles to 3.55% in July
Business Standard, 17th August 2016
Wholesale price index (WPI)-based inflation doubled to a two-year high of 3.55 per cent in July, compared with 1.62 per cent in June, on the back of rise in vegetable and pulses prices. Read More

Manufacturing PMI for July at four-month high at 51.8
Business Standard, 1st August 2016
Manufacturing activities gathered pace slightly in July compared to the previous month to post a four-month high expansion on high demand from both domestic and external markets, showed widely-tracked Nikkei purchasing managers' index (PMI). Read More

June inflation rises to 5.77%, May IIP increases by 1.2%, 12th July 2016
India's factory output rose unexpectedly in May and retail inflation quickened for the fourth straight month in June, reducing the chances of a rate cut by the Reserve Bank of India in its monetary policy review in August, the last under governor Raghuram Rajan. Read More

World Bank retains 7.6% growth rate for India in 2016-17
Business Standard, 20th June 2016
The World Bank here on Monday retained the 7.6% growth rate for India in 2016-17, which it said could accelerate to 7.7% in 2017-18 and 7.8% in 2018-19. Read More

India's forex reserves hit record high of $363.46 billion, 10th June 2016
India's foreign exchange reserves hit a record high at $363.46 billion for the week ended June 3, mostly due to the central bank taking delivery of its forward-dollar contracts and dollar buying in spot foreign exchange markets, analysts said. Read More

Core Industry Sectors Grow By 8.5% in April, 31st May 2016
The production of eight core sectors grew by 8.5 per cent in April on the back of pick up in output of refinery products, fertilizers, steel, cement and electricity. Read More

India's foreign exchange reserves down to $360 bn, 28th May 2016
India's foreign exchange reserves went down to $360.90 billion as on May 20, the Reserve Bank of India (RBI) said. Read More

Industrial output up 0.1% in March
Business Standard, 13th May 2016, 28th May 2016
India's industrial output rose by 0.1 per cent in March, largely losing the momentum generated in February when it had risen by two per cent, after a three-month fall. Read More

Core sector expands 6.4% in March to 16-month high
Business Standard, 3rd May 2016
The combined output of eight crucial infrastructure sectors jumped to a 16-month high of 6.4 per cent in March due to a double-digit growth in refinery products, fertilizers, cement and electricity. Read More

India has a potential GDP growth rate of 6-7 per cent: Goldman Sachs, 28th April 2016
India will remain one of the strongest growth stories in the Asia Pacific region as the country has a potential GDP growth rate of around 6-7 per cent or perhaps even more, global finances services major Goldman Sachs has said. Read More

Forex reserves at record high of $360.25 billion, 22nd April 2016
The country's foreign exchange reserves rose by $333.7 million to reach a fresh life-time high of $360.250 billion in the week to April 15, the Reserve Bank said on Friday. Read More

India's IIP grows 2% in February; CPI inflation eases to 4.83% in March, 12th April 2016
After three consecutive months of contraction, factory output grew 2% in February due to strong performance by mining and electricity sectors, while retail inflation moderated further in March. Read More

RBI cuts repo rate by 25 bps to 6.5%, lowest in 6 years
Business Standard, 5 April 2016
In its first monetary policy review for the financial year 2016-17, the Reserve Bank of India announced a 25 basis point reduction in the repo, or repurchase rate, which is the rate at which banks borrow from the central bank. One basis point is one hundredth of a percentage point. Read More

India factory activity at eight-month high in March on strong demand
Business Standard, 4th April 2016
Indian manufacturing activity expanded for the third straight month in March and at the fastest pace since July, driven by stronger demand which allowed companies to raise prices, a business survey showed. Read More

Forex reserves touch all-time high of $356 bn
Business Standard, 26th March 2016
India's foreign exchange reserves touched an all-time high of $355.95 billion in the week ended March 18, on the back of an addition of $2.53 billion to the kitty. Read More

Current account deficit narrows to 1.3% of GDP in fiscal third quarter, 22nd March 2016
India's current account deficit (CAD) narrowed to 1.3% of the gross domestic product (GDP) in the fiscal third quarter from 1.5% in the year-earlier period, as the country's trade deficit contracted. Read More

India's WPI drops for 16th straight month, pulses rise by 38.84%
Business Standard, 14th March 2016
The wholesale price index (WPI)-based inflation fell for the 16th straight month in February, dropping to -0.91% compared to -0.90% in January. While it was way back in 1975-76 that there was WPI-based deflation for a full year, the index had last showed inflation in October 2014, at 1.66%. Read More

India services sector growth cools sharply in February as pr

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