Economy
Energy
Merger & Acquisitions
Petrochemicals
Startups / Closures / Outages
CPMA Member Companies

Economy News


IIP shrinks 0.1%; at 4-year low 

thehindu.com, 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% 

thehindu.com, 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 

thehindu.com, 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

timesofindia.indiatimes.com, 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

livemint.com, 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

financialexpress.com, 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


Exports rise 17.5% in February, trade deficit at a five-month low

livemint.com, 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

 ft.com, 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

livemint.com, 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

financialexpress.com, 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

livemint.com, 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

thehindu.com, 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

livemint.com, 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

timesofindia.indiatimes.com, 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

timesofindia.indiatimes.com, 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

thehindubusinessline.com, 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

thehindu.com, 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

timesofindia.indiatimes.com, 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

livemint.com, 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

thehindu.com, 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

thehindu.com, 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%

livemint.com, 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

timesofindia.indiatimes.com, 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

profit.ndtv.com, 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

thestatesman.com, 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 thestatesman.com, 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

thehindu.com, 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

timesofindia.indiatimes.com, 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

livemint.com, 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 

livemint.com, 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

 
About Us | Member Area | Feedback | Contact us | SiteMap
Copyrights © 2012 – CPMA – Chemicals and Petrochemicals Manufacturers’ Association . All Rights Reserved
Developed by - Innovins