It is hard to square the picture painted by the different indicators with the RBI's 7% full-year growth forecast. The World Bank's revised forecast of 6.5% may be closer to the mark, writes T N Ninan
Manufacturing activity growth slowed to 3.2 per cent, and electricity production to 2.3 per cent
Industrial production data for July and inflation rate for August are scheduled to be announced on Monday
China's economic slowdown deepened in July, with retail sales, industrial output and investment all missing economist estimates
Rajasthan is all set to make a big leap towards the new era of Industrialisation with proposals of over Rs 10 trillion lined up ahead of 'Invest Rajasthan 2022 summit', said the officials
Flat growth may prompt the monetary policy committee not to go for an aggressive rate hike in August
CM Biplab Deb said that Tripura fulfills all the prerequisites to become the new IT hub and industrialists from Bangladesh should utilize the opportunity to help both the regions flourish together
Figures for the whole of last year show a rebound, with industrial profits surging 34.3% to $1.37 trillion.
The company's integrated metal production stood at 235,000 tonnes in the year-ago period
The data, along with a slowdown in investment growth, underlines the persistent headwinds facing the economy, which have already prompted policymakers this month to ratchet up support
Several companies in one of China's biggest manufacturing hubs have suspended operations as local authorities try to contain a COVID-19 outbreak
The index had risen 4.5 per cent in October last year against 1 per cent in the previous month
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India's industrial production rose 3.2 per cent in October, according to official data released on Friday. As per the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector's output grew 2 per cent in October 2021. In October, the mining output climbed 11.4 per cent, and power generation increased 3.1 per cent. The IIP had grown by 4.5 per cent in October 2020. During April-October this year, the IIP grew 20 per cent against a 17.3 per cent contraction in the same period last year. Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 per cent. It shrank 57.3 per cent in April 2020 due to a decline in economic activities in the wake of the lockdown imposed to curb the spread of coronavirus infections.
The private firm said NRL has awarded an engineering, procurement and construction (EPC) contract to it
Industrial production growth slips to 3.1 per cent in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well
However, most segments are back to pre-pandemic levels, offering a ray of hope
In May last year, IIP had shrunk 33.4% due to imposition of a nationwide lockdown to contain the spread of the Covid-19
The latest data released Wednesday by the statistics bureau showed a shift toward consumption-driven demand is underway, but at a gradual pace
Manufacturing sector output, which accounts for more than three-fourths of the entire index, registered a growth of nearly 200 per cent