Pulled down by deceleration in crude oil production, refined petroleum products, coal and electricity, India's infrastructure industry index reported a 0.6 per cent contraction in February this year as compared to a whopping 12.2 per cent growth a ye
India's sourcing from China may not necessarily be for cost-effectiveness alone but also for the lack of domestic qualified bidders, technology or other know-how.
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
Whatever its apprehensions and concerns about the regime of the Rajapaksa clan, India must be ready with unconditional assistance when Colombo asks for it. Because it will, observes Aditi Phadnis.
Infrastructure sector growth fell by 1 per cent to 5 per cent in November 2004 as compared to the year-ago period, mainly due to the slowdown in growth of petroleum refining, electricity generation and production of finished steel.
For the April-November period of the current fiscal, the growth for the key sectors, including steel, cement, power, crude petroleum and refinery products, dropped to six per cent from 8.9 per cent
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Pulled down by a poor show in crude oil and refining sectors, infrastructure growth in May 2005 slowed down to 5.6 per cent compared to 6.7 per cent in the same month a year ago.
While crude oil production rose 5.8 per cent in May against a negative growth of 4.3 per cent in the same month last year, finished steel grew slightly lower at 2.5 per cent against 2.8 per cent in the same month last year, an official statement said on Monday.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
India's core sector, which comprises six key infrastructure industries, grew 6 per cent in December, compared with 5.3 per cent growth in the previous month. The growth, signifying a recovery in industrial manufacturing, was primarily led by an increase in the production of finished steel, cement and electricity last month.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
The growth of eight core sectors slowed down to 2.6 per cent in August mainly due to contraction in steel output.
'We don't expect any immediate impact on salaried jobs.'
The core infrastructure industries, which comprises crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel - had registered negative growth for the first time in 15 years in October 2008 and then again contracted in December. The core sector accounts for 26.7 per cent of the Index of Industrial Production and the numbers signal where the economy is headed.
Steel and petroleum refinery products turned the table by expanding 11.7 per cent and 4.9 per cent respectively in November, 2009.
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
'Since the growth is not fast enough to provide jobs for the young, the fallout will be political and social,' warns T N Ninan.
There are actually great similarities between the two PM
Only luxury and 'sin' items could be left in highest slab. 12 and 18 per cent slabs could be merged in the future
What is driving the digital-first approach of traditional, legacy brands? Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium.
The Indian indices also offer one of the lowest dividend yields.
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
Led by poor performance in the crude oil production, key infrastructure sector continued to present a grim picture with its June growth plummeting to 4.7 per cent, thus translating into a lower growth of 4.1 per cent in the first quarter of this year
The Aditya Birla Group company has already spent over Rs 3,000 crore on projects to take its production capacity from 17 million tonnes to 21.9 mt and plans to further scale up till 23.1 mt by June-end. K C Birla, chief financial officer, said, "We will continue to maintain our market share and, if required, we will go ahead with more capacity additions to ensure we don't become a loser in the market."
Industrial production in November was expected to grow 1.0 per cent from a year earlier, after shrinking 1.8 per cent in October, according to the median consensus of 20 economists.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
Despite the recent slowdown, e-commerce tops the projected average salary hike list
The growth of key infrastructure industries slowed down to 2.3 per cent in December 2008 from 3.2 per cent a year-ago, mainly on account of drop in output of steel and crude oil.
Increased price control over branded generic medicines has affected its profitability
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The growth in six core industries - crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel - contracted also for the April-September period to 3.9 per cent from 6.9 per cent in the first half of the previous year. The infrastructure industries have a weight of 26.7 per cent in the overall index of industrial production.
Ahluwalia said the government has taken steps to push the infrastructure sector and there are signs of improvement in the core sector production performance of steel, power, coal and cement during July and August.
With less than a month to go for the two mega television shows - Kya Aap Paanchvi Pass Se Tez Hai of Star Plus and the BCCI-promoted Indian Premier League on Sony - companies have lined up in right earnest for sponsorship deals with the broadcasters. Star Plus has signed on a string of advertisers for the Shah Rukh Khan-anchored show. These include confectionery brand Halls, Pidilite Industries, Havells India, L'Oreal India, Tata Sky, Parle Products etc
This is the project to turn municipal and agri-waste into fuel sources like diesel, jet fuel, naptha and petroleum. It is called IH2.
Pulled down by the sluggish performance of petroleum and electricity sector, growth of India's six core industries slowed down to 3.6 per cent in the first month of the current fiscal as against 5.9 per cent a year ago. The six core infrastructure industries - crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel - had registered a 9.6 per cent growth in the preceding month of March
If the government delivers its election promises, then activity in the industry should increase.
Power sector accounts for 70% of total industrial water use; steel, paper also make it to the list.
The Cabinet Committee on Prices is likely to ban exports of steel and steel products. The other measures being considered include levying an ad-valorem duty on iron ore exports and bringing down the excise duty on steel to 8% from the current level of 14%. Steel ministry is considering many steps to bring down steel prices. Also, reimbursement of service tax on foreign agents used by exporters will be further increased. Ban on exports is not the only solution, experts say.
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