Experts say MPC may continue with accommodative stance in next nine months
Economists call for continuation of stimulus package in Budget
Food inflation declined to 3.41 per cent in December, compared to 9.5 per cent in the previous month
Makes his prediction on the basis of the number of items in the IIP basket that grew in the month of October
The Index of Industrial Production (IIP) grew by 3.6 per cent in October on a year-on-year (YoY) basis compared to a 0.4 per cent expansion in the previous month
The IIP had contracted by 6.6 per cent in October 2019
The industrial output grew by 0.2 per cent in September, according to the Index of Industrial Production (IIP) data
Though September high-frequency indicators offer hope, August IIP data shows well performing FMCG sector went from green to red, while recovery turned stale for primary goods
Slowing pace of recovery and sluggish manufacturing output has experts worrying over Q2 GDP growth
Rating agency ICRA had expected a single-digit contraction in the upcoming print for the Index of Industrial Production for July 2020
The severity of contraction in economic activities due to Covid-19 is declining, but sustainable recovery is far away still. A K Bhattacharya explains the problems and positives for the Indian economy
Seasonally adjusted, industrial production grows nearly 24% month-on-month
According to National Statistical Office (NSO) data, manufacturing sector output fell by 20.6 per cent compared to a growth of 3.1 per cent in the same month a year ago
The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.9 per cent in the April-February period of 2019-20,
While growth in manufacturing hinges on expansion of industrial base, growth in domestic consumption is likely to continue on urbanization and irrigation drive
The Index of Industrial Production was revised up for December to 0.07% growth, from a contraction of 0.3% in the provisional estimate
The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again
The month-on-month decrease is more than twice that posted by India's industrial sector in the same month, at 4.3 per cent, according to IIP data released by the Central Statistics Office
The government might breach the fiscal deficit target this financial year amid drop in the revenue mobilisation and expected additional expenditure by the government, says a report. According to Dun & Bradstreet's Economy Forecast, the need for fiscal stimulus has increased even as the government finances remain "strained". "We expect that the drop in the revenue mobilisation of the government and likelihood of additional expenditure by the government might breach the fiscal deficit target in FY20," Dun & Bradstreet India Chief Economist Arun Singh said. The government has set a 3.3 per cent fiscal deficit target for the current fiscal. Singh further added that given the resources constraints, increase in fiscal deficit might lead to crowding out of private investments. According to the report, corporate liabilities are already higher. The balance-sheets of corporates, government, banks and households remain constrained or weak and revenue collection will play an important ...
In fact, the gap between the two macro variables is likely to reach its highest level since the 2008 Lehman Brothers crisis