Core sector growth rebounds in October
3 years ago

Core sector growth rebounds in October

The Hindu  

Output from India’s eight core sectors grew 7.5% in October, picking up pace from the revised 4.5% growth estimate for September, with all sectors, except crude oil, recording positive growth. Crude oil output, which has been consistently shrinking for several months now, dropped 2.2% compared to October 2020, but grew 2.85% on a sequential basis from September 2021. “The divergence in the double-digit growth of cement with the marginal rise in steel is reflective of the cutbacks in auto production, whereas construction activity appears to be healthy,” said ICRA chief economist Aditi Nayar. While the core sector growth has accelerated and the festive season trends were broadly positive, the 22% contraction in auto output is likely to push the October 2021 IIP growth to below 2.5%, Ms. Nayar reckoned, adding that core sectors’ growth is also likely to slip back under 5% in November.

Production Sector Output Positive Growth  core  production  grew  output  sector  compared  sectors  healthy  cement  rebounds  positive  growth

History of this topic

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
1 week, 1 day ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 5 days ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data
3 weeks, 4 days ago

India’s GDP growth slows to 5.4% in Q2, below RBI estimate: Govt data

Hindustan Times  

NEW DELHI: India’s growth of gross domestic product slowed to a seven-quarter low during July-September quarter of 2024-25, data released by the ministry of statistics and programme implementation showed. India remains the fastest-growing major economy as China’s GDP growth in the July-September quarter this year was 4.6%. The economy expanded 5.4% in the quarter ending September 2024 from a year …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
3 weeks, 4 days ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

India’s GDP growth: The first half faltered, but economy seen rebounding in the second
Trending News
3 weeks, 4 days ago

India’s GDP growth: The first half faltered, but economy seen rebounding in the second

Live Mint  

Two consecutive quarters of disappointing economic growth have left economists pinning their hopes on a rebound in the second half of the fiscal year. Some economists, however, expect India’s FY25 GDP growth to be lower than the Reserve Bank of India’s 7.2% outlook because of the disappointing economic growth in the first two quarters of the fiscal year. “Government will …

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption
Trending News
3 weeks, 4 days ago

India's Q2 GDP slows to 5.4%, hits 18-month low on weak consumption

India Today  

India’s GDP growth for the July-September quarter fell sharply to 5.4%, marking an 18-month low, as per data released by the National Statistics Office on Friday. Manufacturing growth decelerated significantly to 2.2%, compared to 14.3% in the same quarter last year and 7% in the previous quarter. The weaker-than-expected GDP growth raises concerns about the sustainability of economic recovery, particularly …

India’s GDP growth likely moderated to 6.5% in Q2, says Icra
Trending News
1 month ago

India’s GDP growth likely moderated to 6.5% in Q2, says Icra

Live Mint  

New Delhi: India’s GDP growth is likely to have slowed marginally to 6.5% in the second quarter of FY2025 from 6.7% in the previous quarter, primarily due to heavy rainfall, weak corporate margins, and subdued exports, according to rating agency Icra. While government capital expenditure and healthy kharif sowing provided a lift, their impact was offset by disruptions caused by …

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 1 week ago

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation

Deccan Chronicle  

NEW DELHI: India’s industrial production witnessed a significant expansion by 3.1 per cent in September from a negative territory in August 2024 at 0.1 per cent, mainly due to improvement in the manufacturing sector. While headline retail inflation rose to 14-month high of 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher …

Industrial production clocks modest rebound, up 3.1%
1 month, 1 week ago

Industrial production clocks modest rebound, up 3.1%

The Hindu  

India’s industrial output returned to the positive trajectory with a moderate uptick of 3.1% in September, from its first contraction in 21 months this August, led by a 3.9% growth in manufacturing even as electricity and mining sectors grew under 1%. Spliced by end-use, all six segments of factory output recorded positive growth, compared to just four segments in August, …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
1 month, 1 week ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

India’s service sector growth rebounds in October on higher demand
1 month, 2 weeks ago

India’s service sector growth rebounds in October on higher demand

Live Mint  

India’s services sector bounced back in October, buoyed by strong customer demand after a lull in September, according to a survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, climbed to 58.5 in October from 57.7 in September, highlighting 39 consecutive months of above the 50-point threshold that distinguishes growth from contraction. "During October, …

For the first time in 42 months, core sectors’ output tanked in August
2 months, 3 weeks ago

For the first time in 42 months, core sectors’ output tanked in August

The Hindu  

Output levels in India’s core sectors slipped to a nine-month low in August, even as year-on-year growth slipped 1.8%, marking the first contraction in three and a half years. Six of eight infrastructure segments witnessed a year-on-year contraction in production, while fertilizers and steel output grew at a milder pace than July, when core sectors’ output rose 6.1%. Industrial output …

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July
3 months, 1 week ago

India's Retail Inflation at 3.65 Percent in August; Industrial Output Grows by 4.8 Percent in July

Deccan Chronicle  

New Delhi: India’s headline retail inflation for the month of August 2024 stood at 3.65 per cent as compared to 3.6 per cent in July, while it was 6.83 per cent a year ago. India’s industrial output growth also recorded a growth of 4.8 per cent in July 2024, two separate government data showed on Thursday. Meanwhile, India’s industrial production …

India’s industrial output grows 4.8% in July
3 months, 1 week ago

India’s industrial output grows 4.8% in July

The Hindu  

India’s industrial output growth rose 4.8% in July, the second-slowest pace in the financial year 2024-25, from an upgraded 4.7% growth in June, even as mining and electricity growth slowed, and non-consumer durables’ production slipped a sharp 4.4%, marking the third contraction in four months. Manufacturing output growth picked up to 4.6% in July, from 3.2% in June, and was …

India’s core sector growth increases by 6.1 per cent in July 2024
3 months, 3 weeks ago

India’s core sector growth increases by 6.1 per cent in July 2024

India TV News  

India’s core sector, comprising industries such as coal, electricity, steel, and cement, posted a 6.1 per cent growth in July after having slowed to 4 per cent in June, according to data released by the Commerce Ministry today. Its cumulative index increased by 1.6 per cent during April to July, 2024-25 over corresponding period of the previous year. Its cumulative …

At 4%, India's core sector growth slowest in 20 months: Govt data
4 months, 3 weeks ago

At 4%, India's core sector growth slowest in 20 months: Govt data

Business Standard  

Electricity generation saw a 7.7 per cent increase, which was lower than the 13.7 per cent growth in May but higher than the 4.2 per cent growth in June 2023. “With the onset of the monsoon, electricity growth reverted to single digits after two months, although it remained healthy at 7.7 per cent. Given the dip in core sector growth, …

Up 4%, core sectors’ growth at 20-month low in June
4 months, 3 weeks ago

Up 4%, core sectors’ growth at 20-month low in June

The Hindu  

Growth in India’s eight core sectors slipped to a 20-month low of 4% in June from an upgraded 6.4% rise in May, with most sectors barring coal recording a sharp decline in output growth, steel production at a seven-month low, and refinery products slipping into contraction for the first time in five months. However, electricity generation slipped to a four-month …

India's industrial output's year-on-year growth increases to 5% in April 2024
6 months, 1 week ago

India's industrial output's year-on-year growth increases to 5% in April 2024

Hindustan Times  

The Index of Industrial Production grew by 5% for April 2024, compared to 4.6% growth during the same month of the previous year. IIP tracks activity in manufacturing, mining, and electricity generation IIP shows the performance of the industrial sector. The IIP figure for April 2024 stood at 147.7 compared to 140.7 in the same month last year, according to …

India's CPI Inflation Eases To 12-Month Low of 4.75% In May 2024; IIP Grows 5% In April
6 months, 1 week ago

India's CPI Inflation Eases To 12-Month Low of 4.75% In May 2024; IIP Grows 5% In April

News 18  

Retail Inflation in May 2024: India’s CPI inflation in May 2024 eased to a 12-month low of 4.75 per cent, according to official data released on Wednesday, June 12. IIP: India’s Industrial Production Grows 5% in April 2024 According to separate official data released on Wednesday, India’s industrial production grew 5 per cent in April this year mainly due to …

Modest rebound: On IIP data
7 months, 1 week ago

Modest rebound: On IIP data

The Hindu  

India’s factory output growth slowed to 4.9% in March from a downgraded 5.6% uptick in February, despite benevolent base effects from the previous year when the Index of Industrial Production had shrunk 1.9%. Production growth was strongest for capital goods as well as infrastructure and construction goods for the second straight year — not surprising given the ramp up in …

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
7 months, 2 weeks ago

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline

Deccan Chronicle  

New Delhi:With the poor performance, mostly in the mining sector, India’s industrial output slowed marginally to 4.9 per cent in March this year as compared to the previous month. The factory output measured in terms of the index of industrial production or IIP was 5.6 per cent in February 2024, while it saw a growth of 1.9 per cent in …

Industrial output slows to 4.9% in March
7 months, 2 weeks ago

Industrial output slows to 4.9% in March

The Hindu  

India’s industrial output growth slowed to 4.9% in March from 5.6% in February, as per the National Statistical Office, with base effects from last March when output had tanked 1.9%, boosting the uptick. Manufacturing, which constitutes 77.6% of the Index of Industrial Production, grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in …

Business News Highlights: GST Collections Soar To Record Rs 2.10 Lakh Crore In April
7 months, 3 weeks ago

Business News Highlights: GST Collections Soar To Record Rs 2.10 Lakh Crore In April

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Furthermore, according to data released by the Ministry of Commerce and Industry on Tuesday, India's eight core sectors recorded a growth rate of 5.2 per cent in March. Although this growth rate was slower than the 7.1 per cent recorded in February 2024, it surpassed the 4.2 per …

Infrastructure sectors’ output growth moderates to 5.2% in March
7 months, 3 weeks ago

Infrastructure sectors’ output growth moderates to 5.2% in March

The Hindu  

India’s eight core infrastructure sectors’ output growth moderated to 5.2% in March from an upgraded 7.1% uptick in February, with high growth in Cement and Electricity production offset by contractions in fertilisers and refinery products. However, this also marked the first time in at least 12 years that all eight sectors had recorded annual growth, led by double-digit upticks in …

Industrial output growth slows to 3.8% in January
9 months, 1 week ago

Industrial output growth slows to 3.8% in January

The Hindu  

India’s industrial output growth slowed to 3.8% in January, from an upgraded uptick of 4.24% in December, with the manufacturing sector’s growth slowing to 3.2% from 4.5% a month ago and consumer non-durables slipping into contraction for the second time in three months. Consumer durables production jumped 10.9%, the highest growth in three months, but gained from base effects as …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

Core sectors’ growth hit 14-month low in December
10 months, 3 weeks ago

Core sectors’ growth hit 14-month low in December

The Hindu  

Output growth from India’s eight core sectors slumped to a 14-month low of 3.8% in December 2023, compared to 8.3% a year earlier and a revised growth of 7.9% in the previous month. Coal production grew 10.6%, marking the slowest year-on-year uptick in six months, but output levels were at their highest since April 2023. Refinery products and Steel output …

India's core sector growth declines to 14-month low of 3.80 per cent in December
10 months, 3 weeks ago

India's core sector growth declines to 14-month low of 3.80 per cent in December

India TV News  

India's eight core sectors recorded a growth of 3.8 per cent in December, as per data released by the Ministry of Commerce and Industry on January 31. In November 2023, the core sector growth reported a figure of 7.8 per cent, which was later revised slightly upward to 7.9 per cent by the commerce ministry on January 31. Comparatively, in …

IIP growth at 8-month low in November: What do the numbers say about Indian economy?
11 months, 1 week ago

IIP growth at 8-month low in November: What do the numbers say about Indian economy?

Live Mint  

The government on Friday released data on inflation and industrial production, which showed a dual impact on the economy. Conversely, industrial production growth plummeted to an 8-month low of 2.4% in November, mainly because of poor showing by the manufacturing sector. On the other hand, pharma, chemical products, wearing apparel, computer and electronics, electrical equipment and machinery & equipment and …

Core signals: Coal output growth at six-month low in December
11 months, 3 weeks ago

Core signals: Coal output growth at six-month low in December

The Hindu  

India’s coal output growth slid to a six-month low of 10.75% in December 2023, with production levels nearing 93 million tonnes, as per data released by the Coal ministry on Tuesday. Core sectors’ growth is also expected to slow between December 2023 and February 2024, owing to base effects from the previous year and the coal sector numbers for December …

Core sectors’ growth skids to 6-month low in November
11 months, 3 weeks ago

Core sectors’ growth skids to 6-month low in November

The Hindu  

Output from India’s eight core sectors grew at a six-month low pace of 7.8% in November, compared to 12% in October, with cement recording its first contraction this year and its production levels slipping to the lowest level in 13 months. Base effects from last November, when cement production grew 29.1%, affected this November’s print along with a slowdown in …

Industrial production rises to 16-month high in October: Factors driving this robust growth
1 year ago

Industrial production rises to 16-month high in October: Factors driving this robust growth

Live Mint  

The Index of Industrial Production surged to a 16-month high, marking an 11.7% YoY increase, in October 2023 compared to 6.2% YoY growth in September 2023. While the low base effect contributed to the strong YoY growth in October 2023, the sequential increase of 1.8% indicates a credible uptick in industrial production, said ICICI Bank Global Markets. Despite a slower …

India's Industrial Output Reaches 16-Month High
1 year ago

India's Industrial Output Reaches 16-Month High

Deccan Chronicle  

New Delhi: Showing the resilience of Indian economy, the country's industrial output growth stood at a 16-month high of 11.7 per cent in October 2023, while the headline retail inflation, based on the Consumer Price Index or CPI in November 2023, increased to 5.55 per cent, according to two latest government data released separately on Tuesday. Despite the spike in …

Industrial output growth slides to three-month low
1 year, 1 month ago

Industrial output growth slides to three-month low

The Hindu  

India’s industrial output growth slid to a three-month low of 5.8% in September from a 14-month high of 10.3% in August, with manufacturing growth halving to 4.5% from the 9.3% recorded in the previous month. Consumption demand appeared weak with consumer durables’ production rising just 1% while non-durables’ grew 2.7% in September, despite a beneficial base effect from last year …

Core sector output grew 8.1% in September
1 year, 1 month ago

Core sector output grew 8.1% in September

The Hindu  

Output growth in India’s eight core sectors slowed to a four-month low of 8.1% in September, from 12.5% in August, with the Index of Core Industries dipping to a seven-month low. While coal, steel and electricity production recorded healthy year-on-year growth, crude oil output slipped back into contraction mode after two months of upticks, breaking a two-month streak when all …

Industrial growth hit 14-month high of 10.3% in August
1 year, 2 months ago

Industrial growth hit 14-month high of 10.3% in August

The Hindu  

India’s industrial output surged at a 14-month high pace of 10.3% in August, from a 6% rise in July, aided by favourable base effects from last year when production levels had contracted 0.7% and the best manufacturing performance since this April. Consumer goods’ production reflected a mixed trend, although durables’ output grew for the first time in three months, at …

Mining, power drive IIP growth to five-month high
1 year, 3 months ago

Mining, power drive IIP growth to five-month high

Live Mint  

India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed. “The growth rates over the corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of covid-19 pandemic since March 2020,” said an …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 3 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data
1 year, 4 months ago

Industrial production witnesses growth of 3.7 per cent in June 2023: NSO data

India TV News  

A recent data released by the National Statistical Office revealed that India’s industrial production rose by 3.7 per cent in June. According to the official data, the factory output measured in terms of the Index of Industrial Production grew by 12.6 per cent in June 2022. The data released by the NSO also showed that the manufacturing sector’s output increased …

Core comfort: on the policy environment
1 year, 4 months ago

Core comfort: on the policy environment

The Hindu  

Output at India’s eight core sectors strengthened hearteningly in June, with the overall year-on-year growth in production estimated to have quickened to a five-month high of 8.2%. And cement posted an almost double-digit increase reflecting the continuing momentum in demand, a slight softening in the pace from the preceding two months on account of the onset of monsoon rains notwithstanding. …

Eight key infrastructure sectors growth healthy but slower from last year
1 year, 4 months ago

Eight key infrastructure sectors growth healthy but slower from last year

India TV News  

Output of eight key infrastructure sectors expanded at a five-month rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel, according to the official data released on Monday. Core sector growth in June is the highest since January 2023 when the key sectors expanded at 9.7 per cent. The output growth of …

At 8.2%, core sectors’ growth hits 5-month high in June
1 year, 4 months ago

At 8.2%, core sectors’ growth hits 5-month high in June

The Hindu  

India’s core sectors’ output surged 8.2% in June, the fastest pace in five months, buoyed by a 21.9% spike in steel output and nearly double-digit rise in coal and cement production, as per data released by the Commerce and Industry Ministry on Monday. Refinery products grew at the fastest pace in nine months at 4.6%, while electricity and natural gas …

IMF projects Indian economy to grow at 6.1% in 2023
1 year, 4 months ago

IMF projects Indian economy to grow at 6.1% in 2023

The Hindu  

The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection. “Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection,” it said in its latest update of the World Economic Outlook. Inflation …

Coal India June quarter production jumps 10% YoY to 175.5 MT
1 year, 5 months ago

Coal India June quarter production jumps 10% YoY to 175.5 MT

Live Mint  

Coal India Ltd, the world’s largest coal producer, mined a total of 175.5 million tonne of coal during the first quarter of fiscal 2023-24, registering a growth of nearly 10% as compared to the same period last year. Meanwhile, the subsidiaries of Coal India such as Bharat Coking Coal Ltd, South-Eastern Coalfields, Eastern Coalfields, Western Coalfields and Central Coalfields registered …

The eight core infrastructure industries registered a 4.3% growth in May
1 year, 5 months ago

The eight core infrastructure industries registered a 4.3% growth in May

Live Mint  

The Index of Eight Core Industries, which measures the combined and individual performance of key sectors in the Indian economy, showed a growth of 4.3 percent in May 2023 compared to May 2022. Steel production, accounting for 17.92 percent, increased by 9.2 percent, while coal production, with a weightage of 10.33 percent, witnessed a growth rate of 7.2 percent. Looking …

Industrial Output Rebounds in April, but Recovery Remains Uneven
1 year, 6 months ago

Industrial Output Rebounds in April, but Recovery Remains Uneven

The Hindu  

Industrial output grew 4.2% in April, rising from a five-month low in March, with electricity generation contracting for the second month in a row, even as manufacturing and mining grew about 5% in the month. April’s industrial growth still reflected the second slowest uptick in six months, even as the National Statistical Office revised the Index of Industrial Production for …

India’s industrial production up 4.2% in April from 1.1% in March
1 year, 6 months ago

India’s industrial production up 4.2% in April from 1.1% in March

Live Mint  

The index of industrial production in India rose 4.2 per cent on an annual basis in the month of April from 1.1 per cent in March and 6.7 per cent in April 2022, according to data released by the Ministry of Statistics and Programme Implementation on Monday. India's industrial production growth slipped to a five-month low of 1.1 per cent …

DC Edit | Economy in the right direction
1 year, 6 months ago

DC Edit | Economy in the right direction

Deccan Chronicle  

The report that India’s gross domestic product grew at 6.1 per cent during the January-March quarter of the fiscal year 2022-23 is yet another indicator that the country’s economy is healthy and headed in the right direction. This will push the overall growth rate to 7.2 per cent for the full year, April 2022 to March 2023. Electricity, gas, water …

India’s economy to grow 6.5-6.7% in FY24: Industry body
1 year, 6 months ago

India’s economy to grow 6.5-6.7% in FY24: Industry body

Live Mint  

New Delhi: India's economy is expected to grow in the range of 6.5-6.7% in FY24 backed by strong domestic drivers and robust capex momentum of the government, said R Dinesh, president of industry body Confederation of Indian Industry. "The Indian economy remains resilient in the face of a challenging global environment, and we do not anticipate major domestic roadblocks in …

Core sectors’ growth slips to six-month low of 3.5% in April
1 year, 6 months ago

Core sectors’ growth slips to six-month low of 3.5% in April

The Hindu  

India’s eight core sectors’ output growth slid from 3.6% in March to 3.5% in April, marking the slowest pace in six months with half of the sectors, including electricity and natural gas, reporting a contraction. The Commerce and Industry Ministry, which released the data on Wednesday, has further revised upwards January’s core sectors growth rate to 9.7%, from its previous …

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