Economic Activity

Industrial activity has recorded an improvement over the previous quarter, as reflected in the Purchasing Managers’ Index (PMI) in January, Bulletin said.

Private sector activity slows to 14-month low of 57.9 in January

India’s economy is likely to have performed better in the third quarter after growth slumped to a seven-quarter low of 5.4 percent in Q2

India likely to grow by 7.5% in Q1, says RBI Bulletin

"According to the economic activity index (EAI), activity rebounded in April, and early estimates suggest that GDP growth for Q1:2024-25 is likely to remain close to 7.5 per cent," it said.

US manufacturing sector contracts at slower pace

Overall, the manufacturing sector has been weak "thanks in large part to constrained capital spending," said economists at Pantheon Macroeconomics.

Underlying economic activity continues to be strong, but external sector to dent growth: Shaktikanta Das

Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box".

Diesel sales soar 35%, petrol demand rise 29% YoY in June

The start of the cropping season helped diesel demand register a double-digit growth over the pre-pandemic period — a record in recent years.

GDP data | Double-digit growth for FY22 uncertain, overall impact of 2nd wave may not be large: CEA

Addressing the media after the release of the GDP numbers, the CEA also said that giving any actual numbers for economic forecast would not be prudent as the pandemic is evolving and the economic trajectory of the country totally depends on the severity of the pandemic.

Closure of economic activity will lead to permanent closure of businesses, job losses: Retailers Association of India

Stating that the retail industry is beginning to see similar issues repeating in some form that were faced last year, the retailers' body said that non-essential or non-food retail and malls should be allowed to operate with strict surveillance.

Investment demand will be hit hard by delay in capex revival 

With capacity utilization low even before the pandemic hit and with no resources for capex by central and state governments, it will take a long time for the capital goods sector to rebound

Make modest opening of road, air transport to start economic activity: Chidambaram

The government has decided to start train services from May 12 connecting Delhi to some select stations across the country, bookings for which will begin from Monday by the IRCTC.

The bulk of economic activity in the country is in the red zones

Green zone districts account for a mere 5.9 percent of outstanding bank credit in the country

India, Pakistan plan to restart some economic activity during coronavirus lockdown

Indian officials said the number of coronavirus cases in the country increased to 9,152 on Monday, including 308 deaths, a swift rise from fewer than 1,000 two weeks ago, even though the country of 1.3 billion people is under a sweeping 21-day lockdown.

Coronavirus lockdown | Commerce and industries ministry wants Centre to allow more economic activity

The ministry suggests this can be achieved by reducing the number of shifts and employees during the lockdown period

India's June qtr GDP to see modest recovery at 6.6%: Nomura

Economic activity in the country, which had lost some momentum in the run up to the Goods and Services Tax (GST) rollout, has started to recover, according to Nomura.

Economy to pick up in Q4 due to faster remonetisation: Patel

Faster remonetisation and return of discretionary consumer demand will push economic activity in the latter part the fiscal, opined RBI Governor Urjit Patel while voting for no cut in interest rate earlier this month.

FM cites higher tax mop up to dismiss economic slowdown fears

Dismissing concerns of slowdown due to demonetisation, Finance Minister Arun Jaitley today said both direct and indirect tax collections have shown robust increase during the April-December period, indicating uptick in economic activity including manufacturing.

German turnaround helps euro zone biz activity hit 2016 high

An initial estimate by IHS-Markit for its euro zone purchasing managers' index rose to 53.7 from 52.6 in September, representing the highest monthly increase since 2016 began. The index measures both the services sector and manufacturing.

Govt's tax kitty swells to Rs 3.24 lakh cr in Apr-Jun

Reflecting an upturn in economic activity, government's revenue collection showed an impressive growth in April-June quarter with total tax mop-up rising to Rs 3.24 lakh crore

Global headwinds no sign of a recession, says Moody's

According to the rating agency, the continuous decline in crude oil prices and sluggish growth in China have prompted a reappraisal of global economic growth prospects, causing risk aversion to rise and financial market conditions to tighten.

FM warns of threat to job creation if investments blocked

Amid Unions opposing labour reforms, Finance Minister Arun Jaitley on Monday warned of a threat to job creation if investments were blocked and appealed not to persist with ideas that harm economic activity.

RBI seen cutting repo rate by 25 bps: Reuters Poll

The Reserve Bank of India is expected to reduce its policy interest rate by 25 basis points in a policy review on January 29, making its first cut in nine months on the back of slowing inflation and weak economic activity, economists polled by Reuters said.

Expect 125-bps cut, 7.5% growth across FY14: Credit Suisse

Robert Prior-Wandesforde of Credit Suisse explains on CNBC-TV18 that he expects a 125-bps cut in rates across the year based on indications by the RBI on shifting its focus from inflation to growth with the government announcing reforms that have being to boost economic activity.

Finance Minister to meet heads of PSU banks on Nov 15

Finance Minister P Chidambaram will meet heads of public sector banks on November 15 and review a host of issues, including their financial performance and credit flow to productive sector in the light of subdued economic activity.

Power outages negative for Indian economy: Moody's

The widespread power outages this week reflects the inadequacy of India's infrastructure and have a negative impact on economic activity, rating agency Moody's said today.

IMF sees Libya growth skyrocketing 116.6% this year

Economic activity in Libya is likely to rebound this year as the country rebuilds from civil war and oil production increases to levels last seen during Muammar Gaddafi's rule, the International Monetary Fund said on Tuesday.