BUSINESS
States to play pivotal role in creating robust statistical system: MOSPI Secretary
Greater coordination necessary to meet increasing demand for data
BUSINESS
Industrial production slows down to a five-month low of 4.2% in June
Core industries growth, which accounts for 40 percent weight in the index of industrial production index, had eased to a 20-month low of 4 percent in June
BUSINESS
Retail inflation declines to 3.5% in July, lowest level in nearly five years
India’s retail inflation eases sharply from 5.1% in June 2024
BUSINESS
MC Exclusive: Govt to conduct first ever National Household Travel Survey in 2025
Besides travel, government to conduct a survey on health and tourism as part of its 80th round of surveys
BUSINESS
Quarterly rural jobs data from September, monthly unemployment data likely from January
From quarterly release of unemployment, labour force participation and worker population ratio, India is set to switch to monthly data releases from January onwards.
BUSINESS
Revision in method to calculate CPI, IIP, GDP expected shortly, say sources
India’s economic data indicators could soon have a fresh base year, Moneycontrol learns from sources. The idea is to keep base years for all releases aligned to a single year.
BUSINESS
Major revision in the way to deduce economic indicators like CPI, IIP, GDP shortly
The government is yet to take a call on whether it would choose 2023-24 or 2024-25 as a base year for the calculation of the GDP
TRENDS
MC Daily Monsoon Tracker: India’s rainfall surplus stays around 7%
Three-fourths of the states face rainfall surplus conditions as of August 11
TRENDS
MC Daily Monsoon Tracker: Half the states face normal rainfall conditions
India’s rainfall surplus stays around 7% for sixth consecutive day
BUSINESS
FM distances from Economic Survey’s idea of excluding food from inflation targeting
Remarks come just days after RBI governor had emphasised on importance of food inflation targeting post MPC decision
TRENDS
MC Daily Monsoon Tracker: Rainfall surplus continues for eighteenth consecutive day for India
Nearly half the states face normal rainfall conditions, a quarter received excess rainfall as of August 9
BUSINESS
Consumer inflation to hit nearly 5-year low to below 4% in July: MC Poll
Industrial growth to ease to 4.8 percent in June, according to MC poll of 16 economists
TRENDS
MC Daily Monsoon Tracker: Reservoir levels rise, but east and north-east stay rainfall deficient
Out of the nine states that are facing rainfall deficit, four belong to eastern and northeastern region, whereas five are in north-west India
BUSINESS
Indian police forces struggle with limited computers despite rising digital crime: Moneycontrol analysis
There was just one computer/laptop for 11 state police personnel in the country, with some large states having just one system for 30 or more personnel in 2022.
BUSINESS
US pips UAE as largest buyer of Indian-made smartphones, but Russia pays more per piece
Smartphone exports to Russia jumped over 700 percent in the first five months of 2024 from the previous year
BUSINESS
MC Daily Monsoon Tracker: Rain surplus continues to rises, over 7% now
A fourth of states still remain deficient, while nine have got 'excessive' rain, while one has 'large excess'
BUSINESS
India needs to grow at 8% to achieve $52-trillion economy by 2047: IMF's KV Subramanian
Arvind Panagariya, chairman of the 16th Finance Commission, called for further opening of the economy and privatisation of public sector banks
BUSINESS
India must focus on privatisation of banks, public sector enterprises: 16th Finance Commission chairman Arvind Panagariya
Government needs to get out of cycle of NPAs and recapitalisation, Panagariya said
BUSINESS
Medical insurance was taxed by respective states even prior to GST regime: FM Sitharaman
Finance minister says the ball is in states’ court. The issue came up for discussion in previous meetings
BUSINESS
Rupee may have room to depreciate despite record low; REER data shows overvaluation
However, economists note that even if the rupee is overvalued the RBI may not orchestrate a steep depreciation.
BUSINESS
Short-term pressure on rupee unlikely to affect exports: Experts
The domestic currency's depreciation has been less than what has been seen for competing currencies like the Vietnamese dong and Indonesian rupiah, tempering the country's competitiveness in overseas markets.
TRENDS
Uneven rainfall, low reservoir levels keep rice sowing 25% lower, pulses acreage dips slightly
Major rice-producing states of West Bengal and Bihar, with lowest reservoir levels compared to normal, had a 7.3 percent and 4.8 percent lower rice acreage
TRENDS
MC Daily Monsoon Tracker: Excess downpour in central, south keeps India rainfall surplus
North still struggles with deficient rainfall conditions
BUSINESS
Shattered glass: Broken and bruised, Bangladesh emerges out of an economic mirage
Bangladesh’s economy was set to expand 6.6 percent in FY25, as per IMF
