IIP down due to poor show by manufacturing, mining and power sectors
India's economic growth rate in the January-March quarter is likely to slip to 7.2 per cent q-o-q.
Niti Aayog vice-chairman Rajiv Kumar said that the two major constraints being faced by the investors are less availability of finance and high interest rates.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
In a paper, EAC-PM accused Subramanian of "cherry-picking high-frequency indicators" to express his skepticism about the growth rates after 2011-12.
Fruits, vegetables and eggs continued to witness deflationary trend during January this year, with their prices declining 4.18 per cent, 13.32 per cent and 2.44 per cent, respectively.
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
Chennai Sports Organisers Pvt Ltd (CSO) has been named the franchise owner of the Chennai team in the multi-million dollar World Series Hockey (WSH) league to be played across various cities of the country starting next month.
With Indian statistics facing heavy criticism from all quarters in recent times, the Central Statistical Organisation (CSO), which is responsible for coordination of statistical activities in the country and evolving and maintaining statistical standards, will have to explore ways to reduce dependence on outsourced secondary data collection.
Brokerage house Nomura today said the downward revision of FY'13 growth figure by the Central Statistics Office will have a positive base effect for GDP expansion in the current fiscal.
India's growth slowed in three months through December from a revised 7.4% expansion in the previous quarter, but it was much stronger than expected.
Beside manufacturing, deceleration was also witnessed in sectors like agriculture, construction and electricity, gas and water supply.
The earlier high was in January this year at 5.07 per cent.
The Finance Minister Pranab Mukherjee on Friday said economic growth during the current fiscal could exceed 7.2 per cent projected by the Central Statistical Organisation (CSO).
The manufacturing sector, which constitute more than 77 per cent of the index, recorded a growth of 5.2 per cent in April, up from 2.9 per cent in the year ago month.
As the MPC is mandated to target CPI inflation rate at 4 plus minus 2 per cent, any measurement error in CPI is likely to have grave consequences for monetary policy.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Economic affairs secretary S C Garg said that all macroeconomic parameters are performing well.
Growth of capital goods at 9.6 per cent is inspiring as the investment cycle is expected to rebound in the coming months.
Only power generation grew faster in 2014 than in earlier years.
The government propagandists should refrain from premature celebrations and misplaced euphoria: Congress.
This time there has been a rather peculiar criticism of the latest GDP numbers.
If the real economy is indeed looking up, then it no longer needs hand-holding and fiscal laxity
The rate of price rise for consumer foods eased to 4.7 per cent in January, from 4.96 per cent in December.
The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.
The final Budget for the fiscal is likely to be tabled in July after formation of the new government.
India said its economy grew 7.3 percent in the October-December quarter.
108 economists, social scientists said it was imperative that agencies like CSO and NSSO are not subject to political interference.
The manufacturing sector during the fourth quarter recorded a growth rate of 9.3 per cent while the farm sector grew at 2.3 per cent.
The final agriculture GDP numbers for 2016-17 are expected to be revised up, as rabi production is looking really good.
On overall basis, the inflation in the food segment increased to 4.42 per cent in November as compared to 1.9 per cent in the preceding month.
'There are large cohorts of students who cannot recognise the alphabet or numbers.' 'We are suggesting schools 'start early and end late'.'
Factory output as measured in terms of IIP had grown by 7.3 per cent in December 2017.
On the back of strong foreign investor flows, the stock market barometer BSE Sensex today jumped more than 1 per cent to log new lifetime high, while the rupee appreciated 24 paise to trade at 60.65 against the US dollar.
The manufacturing sector, which constitutes 77.63 per cent of the IIP, contracted by 0.4 per cent in March as compared to 5.7 per cent expansion in the year-ago month.
India has already become 7th largest economy of the world, he said, adding that it is expected to become 5th largest economy soon.
In terms of industries, 10 out of 23 industry groups in the manufacturing sector showed positive growth during November 2018.
It is not a good idea to take the line that since demonetisation happened in the third quarter, everything that happened then was a consequence of that, says Chief Statistician TCA Anant.
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