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 government infrastructure spends to pump prime the economy till private capex recovers. Hopes of an above-normal monsoon may prop up rural demand dented by last year’s erratic rainfall, although tight credit conditions could impair urban consumption. The latest IIP data also reflect flagging momentum — growth slid to a three-quarter low of 4.9% between January and March.

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History of this topic

India’s Private Sector Hits 4-Month High in December: PMI Data
1 week ago

India’s Private Sector Hits 4-Month High in December: PMI Data

Deccan Chronicle  

New Delhi: Showing the resilience in India's economy with solid momentum, the India's private sector growth hit four-month high at the fastest pace in December, helping the economy on a positive note at the end of the year, underpinned by sturdier demand in both services and manufacturing along with a record jobs growth, a private survey showed on Monday. As …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
1 week 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 factory growth softened in Nov on high inflationary pressures
3 weeks ago

India factory growth softened in Nov on high inflationary pressures

Deccan Chronicle  

India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher price pressures, a business survey found.Asia's third-largest economy expanded a lacklustre 5.4% in the July-September quarter, official data showed on Friday, led by tepid growth in manufacturing and consumption. The rate was much lower than the …

GDP numbers a cause for worry
3 weeks, 1 day ago

GDP numbers a cause for worry

Hindustan Times  

That the Indian economy would lose some momentum as the pent-up demand from the pandemic was exhausted was a given. The September quarter headline GDP growth of 5.4% was more than a percentage point lower than what private and the Reserve Bank of India forecasts expected. The Indian economy’s tepid growth performance is a result of weak animal spirits triggering …

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

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 manufacturing activity rises in October driven by growth in new orders
1 month, 2 weeks ago

India’s manufacturing activity rises in October driven by growth in new orders

Live Mint  

India's manufacturing activity rebounded in October, shaking off an eight-month low in September as robust demand fuelled growth in new orders and international sales. Accelerating growth October saw an acceleration in manufacturing output growth, propelled by a faster rise in new orders and international sales, the survey indicated. Rapidly expanding new orders and international sales reflect strong demand growth for …

Private sector activity grew at 10-month low pace in September
2 months, 2 weeks ago

Private sector activity grew at 10-month low pace in September

The Hindu  

Growth in India’s private sector activity slowed to a ten-month low this September, as per the HSBC India Composite Output Index, which slipped from 60.7 in August to 58.3 last month, as factories and services players clocked a reduction in momentum. While manufacturing sector activity mellowed in September, with factory output and sales growing at the slowest pace so far …

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 …

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 …

IIP grows 5.9%, inflation up 5.08%
5 months, 1 week ago

IIP grows 5.9%, inflation up 5.08%

Deccan Chronicle  

New Delhi: With good performance in key sectors, mostly in mining and power, India's industrial production grew 5.9 per cent in May this year, while India’s consumer inflation in June 2024 stood at 5.08 per cent against 4.8 per cent in May. “During April-May this fiscal, the IIP grew 5.4 per cent as compared to 5.1 per cent in the …

India's Business Growth Surges in June: PMI Report
6 months ago

India's Business Growth Surges in June: PMI Report

Deccan Chronicle  

New Delhi: Regaining the momentum in June with business activity picking up at a quicker pace, Indian businesses, both in the manufacturing and services sectors, expanded at a faster pace in the month of June than the previous month. According to the survey carried out by the global banker HSBC Flash India PMI, the headline flash composite Purchasing Managers’ Index …

April industrial output growth slows to 3-month low of 4.97%
6 months, 1 week ago

April industrial output growth slows to 3-month low of 4.97%

The Hindu  

India’s industrial output growth slowed to a three-month low of 4.97% in April, from an upgraded 5.4% pace in March, with manufacturing expansion slipping to 3.9%, from 5.8%, electricity generation accelerating, and production of consumer non-durables contracting for the third time in six months. Electricity generation rose 10.2% compared with a 1.1% contraction last April and was almost 7% higher …

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 …

India’s Business Activity Hits 14-Year High in May
7 months ago

India’s Business Activity Hits 14-Year High in May

Deccan Chronicle  

New Delhi: With the significant growth in the services sector, India's business activity witnessed a robust expansion in May this year, recording the third strongest reading in close to 14 years. “The flash services PMI index hit a 4-month high of 61.4 this month, up from April's 60.8, while the preliminary manufacturing PMI showed a tad weaker growth than last …

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
7 months, 1 week 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, 1 week 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 …

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
7 months, 2 weeks ago

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years

Deccan Chronicle  

The growth in India's manufacturing sector moderated slightly in April but remained robust, witnessing the second-best improvement in operating conditions in three-and-a-half years. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI signalled a significant improvement in demand for the health of the sector, prompting firms to ramp …

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
7 months, 3 weeks ago

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

The Hindu  

India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ which fell to 58.8 from the 16-year high of 59.1 recorded in March. Even though input costs increased, producers ramped up input purchases to the highest level since last …

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 …

India's April business growth at near 14-year high, PMIs show
8 months ago

India's April business growth at near 14-year high, PMIs show

Hindustan Times  

By Anant Chandak India's April business growth at near 14-year high, PMIs show BENGALURU, - India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also showed easing input inflation and positive jobs growth. HSBC's flash India Composite purchasing managers' Index, compiled by S&P …

March manufacturing PMI survey signals a 16-year peak
8 months, 3 weeks ago

March manufacturing PMI survey signals a 16-year peak

The Hindu  

India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index to a 16-year high of 59.1 from 56.9 in the previous month. Export orders also grew at the fastest pace since May 2022, and though pressures on current capacity remained mild …

Morgan Stanley on India's economy: Boom like 2003-2007, on cusp of this big push
9 months ago

Morgan Stanley on India's economy: Boom like 2003-2007, on cusp of this big push

Hindustan Times  

India's economic growth rate resembles that of 2003-07 when growth averaged more than 8 per cent, as per Morgan Stanley's report ‘The Viewpoint: India - Why this feels like 2003-07’. Morgan Stanley said that after a decade of investment to GDP steadily declining, capex emerged as a key growth driver in India as “the capex cycle has more room to …

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 …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

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 …

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 …

Positive GDP Surprise: Growth in Private Consumption Remains Critical
11 months, 2 weeks ago

Positive GDP Surprise: Growth in Private Consumption Remains Critical

News 18  

The government’s first advance estimate of the Gross Domestic Product for the current fiscal, which will end in March, has been a positive surprise for most economists. Rajani Sinha, the Chief Economist of CARE Ratings, said MOSPI’s projection of the GDP “seems to be relatively optimistic, surpassing the RBI’s estimate of 7% and our own projection of 6.8 per cent”. …

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 …

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 …

India’s Q2 GDP growth beats estimates at 7.6%
1 year ago

India’s Q2 GDP growth beats estimates at 7.6%

Hindustan Times  

India’s economy grew 7.6% in the second quarter of the year, exceeding analyst expectations comfortably on the back of higher government spending and a strong performance by the manufacturing and construction sectors. India’s Q2 GDP growth beats estimates at 7.6% {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “The GDP growth numbers for Q2 display the resilience and strength of the Indian economy 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 …

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 …

Retail Inflation Falls To 3-Month Low of 5.02% In September, Industrial Production Up 10.3% In August
1 year, 2 months ago

Retail Inflation Falls To 3-Month Low of 5.02% In September, Industrial Production Up 10.3% In August

News 18  

India’s retail inflation in September 2023 declined to a three-month low of 5.02 per cent, mainly due to easing food prices, according to the latest official data released on Thursday. According to the data released by the National Statistical Office, the inflation in the food basket came down to 6.56 per cent in September from 9.94 per cent in the …

Manufacturing PMI eased to 5-month low in September
1 year, 2 months ago

Manufacturing PMI eased to 5-month low in September

The Hindu  

India’s manufacturing sector activity moderated to a five-month low in September with new orders slowing down, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which eased to 57.5 from 58.6 in August. While inflation in input costs eased to the lowest in over three years, firms raised output charges at a sharper pace than the long-run …

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's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High
1 year, 3 months ago

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High

News 18  

India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 58.6 last month from 57.7 in July, the highest since May …

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 …

The week in 5 charts | Industrial output growth hits 3-month low, new COVID variant, Amazon Summit, and more
1 year, 4 months ago

The week in 5 charts | Industrial output growth hits 3-month low, new COVID variant, Amazon Summit, and more

The Hindu  

Industrial output growth hits 3-month low India’s industrial output growth hit a three-month low of 3.7% in June, from a revised 5.3% in May, according to official data, with consumer durables’ production slipping back into contraction mode, and manufacturing growth slowing to 3.1% from 5.8% in May. No measurable goals at Amazon Summit Brazil’s Amazon Summit closed on August 9 …

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 …

Momentum softens: The Hindu Editorial on S&P Global’s survey
1 year, 5 months ago

Momentum softens: The Hindu Editorial on S&P Global’s survey

The Hindu  

July 07, 2023 12:20 am | Updated 12:39 am IST The latest Purchasing Managers’ Index for India’s manufacturing sector and the Services Business Activity Index for the economy’s broader services sector from S&P Global, posit a softening in momentum in economic activity. Its survey of about 400 manufacturers shows that production growth at major private sector factories eased marginally last …

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 …

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