Tag: India

Inflation cools down to 5.59% in July

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 ...

India’s factory output grows 13.6% in June on yearly basis

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% ...

Vehicle retail sales jump 34% in July, says FADA

The vehicle retail sales across all categories in July 2021 rose 34.12% to 15.56 lakh units, from 11.60 lakh units in the year-ago period, according to data released by Federation of Automobile Dealers Associations (FADA).  Commercial vehicle segment grew at the ...

RBI keeps repo rate unchanged at 4%, revises retail inflation

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 sector expands in July, services contracts

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 ...