-NDTV The cumulative growth in April-August over the corresponding period of the previous year was 2.4 per cent. Signs of economic slowdown became more pronounced after country's industrial production or factory output, measured by the estimate of Index of Industrial Production (IIP) registered its worst slump in more than six years in August. The IIP shrank by 1.1 per cent in August compared with an expansion of 4.3 per cent in...
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New numbers show dip in growth of core infrastructure sectors
-The Indian Express The August numbers mark the first contraction in core infrastructure output since April 2019, pointing to the continuing weakness in demand conditions. New Delhi: The growth of eight infrastructure sectors contracted 0.5 per cent in August following broad-based deterioration in output across as many as five sectors, including cement and electricity. But for a turnaround in refinery products — the largest constituent of the core sector — and...
More »IIP growth rebounds, retail inflation surges
-The Hindu Electricity sector growth, however, slows to 4.75% in July from 8.19% in June; food inflation at a 14-month high Industrial activity rebounded in July to 4.3% on a broad-based recovery across key sectors such as mining, manufacturing and construction, official data released on Thursday showed. In a separate release, data showed retail inflation rose in August to hit a 10-month high of 3.21% on quickening food price rises. Growth in the Index...
More »Growth of eight core sectors at 2.1% in July, down from 7.3% last year: Govt data
-The Indian Express The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year. During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period the previous year. Growth of eight core industries slowed down to 2.1 per cent in July as against 7.3 per cent...
More »Sentiments do have real economic benefits -Renu Kohli
-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...
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