India’s economy will grow at a median rate of 6% during the first quarter of the current financial year ended June 30, according to a FICCI report. The country’s economy grew at 8.2% in April-June 2018-19. The growth numbers for the first quarter are expected to be released by the Central Statistics Office next week. […]
India’s wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June 2019, helped by decline in prices of vegetables as well as fuel and power items, according to official data. The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May 2019. It was […]
The Reserve Bank of India is expected to cut key policy rates by 25 basis points (bps) in the upcoming monetary policy meeting amid subdued domestic industrial activity and slowdown in trade on the global front, says a report brought out by Dun & Bradstreet. According to Dun & Bradstreet’s latest economy forecast, the trade […]
India’s headline inflation, measured by the Consumer Price Index (CPI), is likely to rise 60 basis points (bps) to 4 per cent this fiscal from 3.4 per cent in fiscal 2019. This base case assumes food inflation rising to 3 per cent from an abnormal low of 0.1 per cent, credit rating agency CRISIL Research […]
India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier. The predicted lower-than-normal monsoon, the continued agrarian distress and the loss of momentum in the industrial output growth are being cited as the key reasons for the downward revision. […]
A possible increase in fuel prices due to the US sanctions on Iranian crude exports can have adverse impacts on the current account deficit (CAD), the rupee and inflation, warns a report from CARE Ratings. The country meets a tenth of its crude demand from Iran–making it the third largest customer for the Persian country–and […]
Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]
Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and pulses. Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent […]
Indian economy is projected to grow at 7-7.4 per cent in the current fiscal, economic policy think-tank NCAER said. According to a report by the National Council of Applied Economic Research (NCAER), the real agriculture Gross Value Added (GVA) is envisaged to grow at 3 per cent and real industry GVA at 7 per cent […]
In India prices of key food items from vegetables to sugar and pulses continue to run well below last year, keeping retail inflation below the central bank, RBI’s target for the third consecutive month. Inflation as measured by the Consumer Price Index (CPI) stood at 3.31 per cent in October 2018 compared to 3.70 per […]
