IIP growth rises to 9-month high of 4.3 pc in August
For protein rich items such as meat and fish, eggs as well as milk and products, the inflation in May slowed compared to last month
As a well-wisher of the Indian Statistical System and part of the system for more than 37 years, Sunil K Sinha, former DG and CEO of NSSO, offers suggestions to improve data quality.
Finance Minister P Chidambaram on Tuesday said that surging global oil prices may pull down India's economic growth by 0.5 per cent but expected stable interest rates to spur investment.
The recent release of the updated index for comparing the value of currencies across countries - generally known as purchasing power parity, or PPP - will have far-reaching implications.
The overall FPI inflows should move into the range of $15-20 billion in fiscal 2017 with equity dominating with $10-15 billion and debt with $5 billion
Here are the key decisions announced by the Reserve Bank of India on Thursday.
India's per capita income rose by 5.2 per cent to Rs 12,416 (about $285) during 2004-05.
Former Finance Minister P Chidambaram on Monday said the high growth that Indian economy has logged in the first quarter of the current fiscal was on account of the UPA policies and the new government must give it the due credit.
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
The demonetisation seems to have impacted the GVA in the third as well as fourth quarter of 2016-17 which slipped to 6.7 per cent and 5.6 per cent respectively, from 7.3 per cent and 8.7 per cent.
Economists, however, caution against interpreting the data as a broad-based revival
India's annual industrial output growth slowed to 4.2 per cent in July compared with an upwardly revised 4.4 per cent growth a month ago, government data showed on Friday.
The industrial growth was pegged at 6.9 per cent during 2003-04 as against 5.7 per cent in 2002-03, according to estimates released by the Central Statistical Organisation.
Improved performance of manufacturing, services and trade sectors helped boost GDP
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
Technically, the Indian economy is on road to recovery.
During April-February, industrial output grew at 2.6 per cent compared with a growth of 2.8 per cent in the year-ago period.
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Chidambaram said he was particularly happy that agriculture growth has been estimated at 4.6 per cent for 2013-14.
Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram on asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
India's industrial output unexpectedly rose 1.2 per cent in May from a year earlier, led by a pick up in manufacturing, government data showed on Tuesday.
Rs 1,000 crore for promotion of start ups.
Rajan had said that there was lack of clarity about the new method.
India's industrial output grew a better-than-expected 6.4 per cent in August compared with a downwardly revised 4.1 per cent growth a month ago.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
'India remains a bright spot amid the global slowdown.'
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
With Deputy Governor Viral Acharya and another member Chetan Ghate voting for a status quo, RBI governor Shaktikanta Das and three others outvoted them for reduction in repo rate to 6.25 per cent from the existing 6.50 per cent.
Cheering the rebound in India's economy which grew 5.7 per cent in the April-June quarter, highest in the past two-and-a-half years, India Inc on Friday said it expects the GDP to pick up further on the back of conducive investment policies and execution of reforms by government.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
'...because the party is based on the Constitution.'
Indian IT-BPM industry raked in revenues of $119 bn in 2014-15.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
The manufacturing sector, a key indicator of economic activity, grew 10.6 per cent year-on-year in October.
As per the latest government data, India's second quarter economic growth inched up to 4.8 per cent during second quarter (July-September) of 2013-14, well above 4.4 per cent in the first quarter (April-June).
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
For the entire 2015-16 fiscal, the factory output grew at 2.4 per cent, down from 2.8 per cent in the previous fiscal.
This kind of growth will turn India into a $8 trillion economy.
