India’s core sector growth contracts 1.5 per cent in November 2019

Showing no signs of improvement, the output of eight core infrastructure industries contracted for the fourth consecutive month in November by 1.5 per cent, according to official data. Since August, the eight core industries are recording negative growth. The output of coal, crude oil, natural gas, steel, and electricity declined by 2.5 per cent, 6 […]

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Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

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India’s Industrial production drops by 1.1% in August 2019

Signs of economic slowdown became more pronounced as the government data last week revealed factory output shrank by 1.1% in August, recording the poorest performance in seven years due to a sharp decline in production of capital goods and consumer durable. Industrial production growth for the first time in more than two years has treaded into […]

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