Categories
Economy

GDP dips to 4.7%; govt mulls over a new method of calculation

The base year has been changed from time to time to calculate the GDP, but now the government proposes a chain base formula for this

Categories
Economy

Industrial production at 8-year low in September

Most industrial groups registered negative growth rates in the period, reminiscent of 2011-12 when manufacturing had gone into a tailspin

Categories
Economy

IIP up, inflation eases; industry calls for RBI rate cut

New Delhi: Industrial production expanded at 7.5% in January while retail inflation eased to 4.4% in February, raising industry clamour for a rate cut by the RBI next month to maintain growth momentum. The Reserve Bank of India (RBI) is scheduled to come out with next monetary policy review on 5 April 2018. It had kept […]

Categories
Economy

Govt to change base year for GDP, IIP to 2017-18

New Delhi: The government will change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018, Union minister DV Sadananda Gowda said today. “During 2018-19, the ministry is proposing to initiate steps to revise the base years of gross domestic product […]

Categories
Economy

Industrial output maintains momentum, grows 7.1% in Dec

New Delhi: Industrial output grew by 7.1% in December, maintaining the recovery momentum, on the back of robust performance by manufacturing as well as higher offtake of capital goods and non-durable consumer goods. The Index of Industrial Production (IIP) had grown at 2.4% in December 2016, as per the data released on Monday by the Central […]

Categories
Economy

IIP indicates improvement in economy

New Delhi — The August 2015 Index of Industrial Production (IIP) growth has registered an increase of more than 6% after 34 months. The cumulative IIP growth in the first 5 months in 2015-16 at 4.1% is better than the growth of 3% in the same period last year. The manufacturing sector has grown 6.9% in August […]