The sectors estimated to show the highest growth in the second half are ‘financing, insurance, real estate and business services’ and ‘electricity, gas, water supply and other utility services’, both forecast to grow by 7.1 percent year-on-year
Food prices, which is a gauge to measure changes in kitchen budgets, stood at 2.33 percent in July, compared to the 2.37 percent in the previous month.
The Ambit Capital's Ke-qiang Index comprising 'real' economy indicators for October-December points to weak economic momentum. India's Ke-qiang Index (IKI) was first launched on September 29, 2015.
According to data released today by the Central Statistics Office (CSO), industrial production grew at 3.6 percent in September compared to 2.6 percent in the same month last year, mainly because of subdued performance of the manufacturing sector.
The government has formed a Coordination Committee under chairmanship of Chief Economic Advisor (CEA) Arvind Subramanian to address issues while reporting Government Finance Statistics (GFS) data.
The revised GDP data on a Y-o-Y basis is also expected to be announced. Moreover, the FY13 GDP was revised lower to 4.5 percent versus 5 percent but the quarterly breakup wasn‘t given, so there could be a different figure which could come out.