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Inflation based on Consumer Price Index (CPI) cooled down to 5.3% in August, from 5.59% in July as food prices fell, according to data released by the government’s statistics agency. The retail inflation has remained within the central bank’s target ...
India’s manufacturing and services sector expanded in August, though the pace of manufacturing growth slowed down.IHS Markit recently released services PMI and manufacturing PMI data. India’s services business activity stood at 56.7 in August compared with 45.4 in July. The ...
India’s economy grew at 20.1% in the Apr-Jun quarter of FY22, compared with year ago period on constant price basis. Constant price represent the real GDP which is adjusted for inflation. The economy contracted in the same period of last ...
Rating agency CRISIL raised the credit outlook of Corporate India to “positive” from “cautiously optimistic” for FY22, on the back of a sustained recovery in demand. The agency said that the second wave had weighed on the country’s economy and ...
Retail inflation measured by Consumer Price Index declined to 5.59% in July as food prices fell, according to data shown by National Statistics Office. The CPI was 6.26% in Jun 2021 and 6.73% in July 2020.The food inflation fell substantially ...
The Index of Industrial Production (IIP) which is a measure for factory output improved to 122.6 in June, up 13.6% from 107.9 on a year-on-year basis, according to data released by the National Statistics Office. Factory output had contracted 16.6% ...
Indian central bank concluded its three-day monetary policy committee meeting on August 6 and unanimously decided to keep the policy repo rate unchanged at 4%. On a 5to 1 majority, RBI also decided to continue its accommodative stance to support ...
India’s manufacturing and service sector make up about 84% of the country’s GDP and the performance of these two sectors are very important for the development of the country.IHS Markit, a financial information provider and analytics company, recently, released a ...
Indian indices, Sensex and Nifty, closed positively for the week ended August 6. Both the indices closed in the green on four out of the five days and it crossed all-time highs. Sensex breached 53000-mark on Tuesday and also breached ...
The Indian steel industry has seen many ups and downs in the past couple of decades due to various factors in the global economy. The sector is also one of the core sectors of the economy and its performance is ...