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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

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

Business Standard, 14th March 2017 

The Wholesale Price Index (WPI) or inflation for the month of February rose by 0.5 percent to 185.5 (provisional) from 184.6 (provisional) for the previous month.... 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 prices rise

Business Standard, 3rd March 2016 

Growth in India's services industry slowed sharply in February as rising prices lead to a slight deceleration in demand, a business survey showed on Thursday........... Read More

Manufacturing growth loses momentum in February with PMI at 51.1, same as January

The Economic Times, 1st March 2016

Manufacturing business conditions in India continued to improve, with new orders, exports, output and purchasing activity all rising in February. However, a faster expansion in new business inflows failed to lift growth of output........... Read More

Robust Indian economy to grow at 7.4% next fiscal: OECD

The Economic Times, 18th February 2016
Indian economy will continue to see robust growth at 7.4 per cent in the next financial year even as only modest recovery is expected in advanced economies, Paris-based think tank OECD said today IIP shrinks 1.3% in December........... Read More 12th February 2016
Industrial activity shrank 1.3 per cent in December 2015 for the second consecutive month with the capital goods sector taking the lead........... Read More

Manufacturing rises to four-month high in January
Business Standard, 1st February 2016
After contracting in the previous month, manufacturing registered a four-month high growth in January following inflows of new business from both domestic and export sources, showed a widely tracked Nikkei purchasing managers’ index (PMI) survey. However, investment goods output and new orders fell which may have impact on future growth of manufacturing........... Read More

Export contraction continues for 13th month, December exports down 14.75% as trade gap widens
The Economic Times, 18th January 2016
India's exports contracted for the thirteenth consecutive month in December, falling 14.75% from a year ago, data released by the commerce and industry ministry showed on Monday........... Read More

IIP shrinks 3.2% in November while CPI edges up to 5.6% in December
The Economic Times, 13th January 2016
Industrial growth contracted sharply in November while retail inflation accelerated in December, dealing a double whammy to an economy struggling to climb to a higher growth rate in the face of unprecedented global headwinds and two years of drought that have laid rural demand low........... Read More

Manufacturing shrinks for 1st time in over 2 years: PMI survey, 4th January 2016
In the first contraction in over two years, manufacturing sector output dipped in December to a 28-month low as new orders fell sharply and production took a big hit from heavy rains in Chennai, putting pressure on RBI to keep rates low............ Read More

India's Q2 current account deficit narrows to $8.2 bn
Business Standard, 23rd December 2015
India’s current account deficit (CAD) narrowed to $8.2 billion (1.6 per cent of gross domestic product) in the September 2015 quarter from $10.9 billion (2.2 per cent of GDP) in the year-ago quarter........... Read More

Indian economy: Interesting mid-year signals
The Economic Times, 21st December 2015
The recently released mid-year review of the Indian economy by the finance ministry offers some fascinating insights into Indian public policy and decision-making............ Read More

At 7.3% in 2016, India to remain fastest growing economy: UN, 10th December 2015
India's economy is projected to grow by 7.3 per cent next year and will continue to be the fastest growing economy in the world in 2016 and 2017 amid volatile global financial conditions that will see diminished trade flows and stagnant investment, according to a UN report released today............. Read More

India’s November services PMI hits 5-month low
The Economic Times, 3rd December 2015
India's services activity broadly stagnated in November with the Nikkei Services Business Activity Index posting a five-month low of 50.2 compared with 52.6 in October, which was an eight-month high............ Read More

RBI keeps repo rate unchanged at 6.75% in monetary policy review
The Economic Times, 1st December 2015
In line with market expectations, RBI governor Raghuram Rajan on Tuesday kept the repo rate unchanged at 6.75%. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per cent by March 2017," Rajan said............. Read More

IMF says optimistic about India's growth prospects
The Economic Times, 15th November 2015
Confident that Indian economy is increasingly on a stable footing, IMF today said further progress is required on the long-standing supply bottlenecks and for achieving faster and more inclusive growth.............. Read More

Services sector growth hits 8-month high in October
The Economic Times, 4th November 2015
India's services sector activity touched an eight-month high in October driven by a significant rise in new business orders even as growth in manufacturing output eased, a Nikkei survey said.............. Read More

India's manufacturing output slips to 22-month low in October
The Economic Times, 2nd November 2015
India's manufacturing sector growth slipped further and touched a 22-month low in October largely due to a slower increase in new orders, but firms hired additional workers, a Nikkei survey said today.............. Read More

Exports slide 24.3% in September, the most in 10 months
The Economic Times, 16th October 2015
India's merchandise exports fell by nearly a quarter in September, the tenth straight month when they have shrunk, raising worries about the country's 2015-16 shipments falling short of last year's levels.............. Read More

WPI inflation marginally up at (-) 4.54% in September
The Economic Times, 14th October 2015
WPI inflation rate edged up marginally to (-) 4.54 per cent in September with pulses, vegetables and onion turning costlier even as the overall deflationary trend persisted for 11th month in a row............. Read More

Industrial recovery robust: August IIP at 6.4% versus 4.1% in July

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