The Index of Industrial Production recorded an impressive growth of 11 per cent in February despite power sector registering dismal performance indicating unpleasant summers in the days ahead.
The average number of workers a business unit employs is declining for both urban and rural areas.
The Ministry of Statistics and Programme Implementation (MOSPI) is in talks with the Department of Posts to take the help of its staff in collecting sample data for the proposed Consumer Price Index for Rural India (CPI-R). The data for the index would be collected from 1,000 villages, Chief Statistician of India Pronab Sen said on the sidelines of a national seminar on the results of the 61st round of the National Sample Survey.
As per the first quarter figures on industrial production released by Central Statistical Organisation on Friday, the electricity sector registered a growth of 8.3 per cent as against 5.3 per cent a year ago.
India's gross domestic product (GDP) growth during 2006-07 is estimated at 9.2 per cent as compared to 9 per cent during the previous year, advanced estimates of national income released by the Central Statistical Organisation say.
Electricity production registered growth of 6.8 per cent in June, the lowest in the past three months. Mining sector growth was 3.6 per cent.
The prime minister must get a consensus from his allies to set up a transparent process to channelise the billions of dollars into bettering India's infrastructure.
Indian economy has the resilience to sustain high growth despite shocks like spiralling oil prices, economic affairs secretary Rakesh Mohan said on Wednesday.
A surge in manufacturing pushed up the country's industrial growth to 12.9 per cent in March 2007, taking the expansion during 2006-07 to 11.3 per cent.
Chandigarh has highest per capita income of Rs 67,370 per annum, followed by Pondicherry (Rs 56,034) and Delhi (Rs 53,976).\n\n
Reserve Bank of India Governor, Y V Reddy presented the Monetary and Credit Policy for 2006-07 on Tuesday.
According to the latest estimates released by the Central Statistical Organisation (CSO), the total investment in agriculture has declined from 2.1 per cent in 2002-03 to 1.9 per cent during 2003-04 to 2005-06.
During April-June this fiscal, the Index of Industrial Production grew 10.1 per cent, as against 10.4 per cent in the year-ago period.
The government on Tuesday projected a higher economic growth of 8.1 per cent for this fiscal from 7.5 per cent in 2004-05, far exceeding expectations of the finance ministry and Reserve Bank of India.
Government will continue to pursue policies to ensure double-digit growth in the coming years while inflation is likely to remain below 5.0 per cent till March end
With all-round upturn in economic cycle except in agriculture, Economic think tank NCAER has forecast India's GDP growth rate at 6.5 to 6.7 per cent for this fiscal.
The economy grew by 8.1 per cent during the first quarter of this fiscal from 7.6 per cent in the same period of 2004-05, backed by a robust growth in industry and services sectors.
Powered by a 9.2 per cent growth in the manufacturing sector, India's economic growth stood at 6.9 per cent for 2004-05 fiscal compared to 8.5 per cent during the previous financial year.
An impressive performance by the manufacturing sector catapulted industrial growth to 7.8 per cent during the first four months of the current financial year.
The real gross domestic product growth is likely to touch 9 per cent in 2003-04 based on better than expected performance of the agriculture sector, according to Centre for Monitoring Indian Economy.
India's index of industrial production rose by 6.4 per cent in February over the same period a year earlier, the government said on Thursday.
Propelled by a strong growth in manufacturing, the industrial production grew by 6.4 per cent in January over the same period of the previous year.
India's gross domestic product grew by 7.4 per cent in the first three months (Apr-Jun) of this fiscal mainly due to a robust manufacturing sector which clocked 8 per cent growth.
The quick estimate of Central Statistical Organisation released in New Delhi on Tuesday said the revision was necessary due to the change in base year to 1999-2000 from 1993-94.
Indian industrial growth shot up to 7.4 per cent during February of last fiscal year, giving a further boost to government's 'India Shining' campaign ahead of the Lok Sabha polls.
India's industrial output rose 5.8 per cent in the year to March 2003 boosted by a robust manufacturing sector despite fears the country's worst drought in 15 years would hurt demand in Asia's third-largest economy.
Dismissing the CSO (Central Statistical Organisation) projection of 4.4 per cent GDP growth this fiscal, Planning Commission member N K Singh said the economy will grow by six per cent this year.\n\n\n\n
Indian industrial output jumped 5.0 per cent in December as robust domestic demand bolstered the manufacturing sector, official data released on Tuesday showed.
In spite of a zero growth in agriculture sector, the Indian economy grew at an impressive 5.8 per cent in the second quarter of 2002-03 compared to 5.3 per cent in the same period last year.
India's per capita income rose by 5.2 per cent to Rs 12,416 (about $285) during 2004-05.
India's economic growth slipped to 6.2 per cent in the third quarter of 2004-05 from 11 per cent in the year-ago period.
India's industrial production rose 4.9 per cent year-on-year in April, the first month of the current financial year, the official Central Statistical Organisation said on Thursday.
An average Indian will see only 5.2 per cent rise in income at Rs 12,414 though the economy is expected to log 6.9 per cent growth this fiscal.
The government on Monday revised the economic growth to 8.5 per cent for 2003-04 from 8.2 per cent estimated earlier, mainly due to a bumper agricultural growth of 9.6 per cent.
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