BUSINESS
Wholesale price inflation rises to 2.37% in December
The trajectory of wholesale prices contrasts with retail inflation, which declined to a four-month low of 5.2 percent in December
BUSINESS
Retail inflation eases to four-month low of 5.22% in December
In December, India’s food inflation eased below 9 percent for the first time in four months
BUSINESS
Subsidy spending has grown faster post-Covid but Budget share has declined
Between 2019-20 and 2024-25, food subsidies were up 13.6 percent compared with a contraction of 1.6 percent in Modi's first term, while fertiliser subsidies have expanded 15.1 percent annually in the past six years
BUSINESS
Higher education in focus as spending nearly doubles in a decade
While spending on higher education expanded at a compounded annual growth rate of 10.6 percent, spending on schools has grown at a slower pace of 5.3 percent between FY15 and FY24
BUSINESS
IIP growth rises to a six-month high of 5.2% in November
India’s core sector output had expanded to a four-month high of 4.3 percent in November compared with 3.7 percent in the previous month
BUSINESS
Nominal GDP growth has been lower than the budget projection in 10 of 13 years: MC Analysis
The government projected a nominal GDP of Rs 326.37 lakh crore for FY25, but the first advance estimate puts the number at Rs 324.11 lakh crore
BUSINESS
India’s GDP growth is usually revised up from first advance estimate: MC Analysis
A Moneycontrol analysis shows that India’s growth figures have witnessed an average 0.9 percentage point revision over the last eight years between the first release and final data
BUSINESS
Government's agriculture spending has grown six-fold since FY15
While the agriculture budget has grown at a compounded annual growth rate of 5.4 percent since 2019-20, non-PM-KISAN spending has increased 6.5 percent annually
BUSINESS
Investment rate likely declined to 30.1% in FY25, a three-year low, but consumption and agri outperform pre-pandemic levels: MC Analysis
The investment rate, calculated in nominal terms, was even lower than the pre-pandemic average of 30.2 percent
BUSINESS
Can nominal growth slip cast a shadow on fiscal deficit?
India’s nominal growth may dip to 9.7 percent in FY25, a tad higher than the previous year’s 9.6 percent but lower than the budget target of 10.5 percent
BUSINESS
India's GDP may grow at four-year low of 6.4% in FY25: Govt's first advance estimates
The first advanced estimates released by the government showed that growth is likely to settle below the 7 percent mark for the first time in four years
BUDGET
India's defence spending up 50% since 2020
The compounded annual growth rate of defence capex was 9.1 percent between 2019-20 and 2024-25, compared with 6 percent between 2014-15 and 2019-20
BUSINESS
Tomatoes, potatoes, weddings and festival season keep thali prices up in December
The two vegetables, which account for 24 percent of the cost of a home-cooked meal, have been witnessing double-digit inflation
BUSINESS
Govt has exceeded its budget on gender post-Covid
The revised spending of Rs 2.75 lakh crore was 15.5 percent higher than the Budget estimate of Rs 2.38 lakh crore for FY24
BUSINESS
Why falling rural unemployment is not a reason to cheer just yet
While the proportion of people employed in agriculture has fallen since FY12, MC analysis shows that the trend has slowed over the last decade
BUSINESS
India’s services activity rises to a 4-month high of 59.3 in December
India’s economy is expected to perform better in the third quarter compared with the previous quarter when growth slumped to a near two-year low of 5.4%
INDIA
21 of 36 states/UTs witnessed decline in student enrollment in 2023-24, Bihar performs worst
As dropout rates worsen for upper primary classes (6-8) in Bihar, UP witnesses a massive decline in dropout rates in 2023-24
BUSINESS
Over 80% of schools in Bihar and West Bengal don’t have access to the internet
While over half of the schools across the country had access to the internet, Bihar had 18.5 percent of schools with internet facilities, while West Bengal had just 17.5 percent of schools with the internet.
INDIA
Bihar leads in school additions in 2023-24, but lags in basic facilities
While the state added 3,000 schools in FY24, a 3.5 percent increase over the previous year, the percentage of schools with functional electricity, girls' toilets, and drinking water facilities declined, according to a Moneycontrol analysis
BUSINESS
Rural poverty falls below 5% for the first time in FY24
In urban areas, the decline was less pronounced at 4.09 percent in 2023-24 compared with 4.6 percent in the previous year
BUSINESS
MoSPI to start annual unemployment, health surveys from January
As part of these changes, the government plans to release monthly unemployment data for both rural and urban areas, an addition to the existing monthly releases of industrial production, consumer inflation, and social security scheme enrollments.
BUSINESS
Economy sputters in Q3, as data throws mixed signals
Goods and Services Tax collections remained above Rs 1.7 lakh crore mark for the tenth month in a row in December, but the pace of growth declined further to 7.3 percent.
BUSINESS
Crop insurance is growing, but also needs to become more inclusive
A Moneycontrol analysis shows that the share of marginal farmers enrolled for the schemes has declined over seven years
BUSINESS
Working group set up for Wholesale Price Index revision, mapping roadmap for new series
The Niti Aayog member Ramesh Chand-led working group will also recommend changes to the price collection mechanism and computational methodology
