The weaker print can be attributed to a tepid manufacturing quarter, impacted by heavy rains in parts of the country and temporary disruptions linked to the GST rate rationalisation implemented in late September
Mining emerged as the best performer, rising to a 14-month high of 6 percent after contracting 7.2 percent in July. Electricity output also improved modestly, growing 4.1 percent compared with 3.7 percent in the previous month
The decline corresponds with a dip in core sector performance. Core sector growth slumped to a nine-month low of 0.7 percent in May from 1 percent in the previous month
The government believes that after an exhaustive Annual Survey of Industries has been put in place, a chain-based index can better capture the changes in India's production patterns.
The government will release GDP data for Q4FY25 (January-March 2025) on May 30
Capex from private sector is expected to taper off in the current fiscal to Rs 4.9 lakh crore, but will still remain higher than levels witnessed between 2021-22 and 2022-23
India’s computers and electronics production reached a 33-month high of 21.5 percent in March, surging from 11.2 percent in the previous month
Industrial production growth in the Jan-March 2025 quarter was lower than in the preceding quarter, suggesting that industrial growth has already lost momentum, even before the impact of any tariffs and disruption in world trade
The core sector, which has a 40 percent weight in the index of industrial production, had slipped to a five-month low in February
The core sector slipped in January, as infrastructure industries' growth declined to 4.6 percent from 4.8 percent in the previous month
The performance follows from an easing of India’s core sector output, which expanded 4.6 percent in January following a 4.8 percent growth in December
The slower pace of growth in core industries doesn't bode well for the economy, which recently witnessed a slowdown to a seven-quarter low GDP of 5.4%, prompting RBI to lower its full-year GDP forecast.
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
Industrial production had increased to a three-month high of 3.5 percent in October, helped by the festive season push
India’s core sector output had expanded 3.1 percent in October as compared to a revised 2.4 percent in September, as four of the eight sectors recorded a faster pace of growth
The rise follows expansion in core sector activity, which rose 2 percent in September against a 1.6 percent contraction in August
The eight core industries which carry 40 percent weight in the index of industrial production rose 6.1 percent in July compared with 5.1 percent in the previous month.
Vegetable inflation is likely to bounce back to double digits. The prices of pulses and cereals may dip, according to a Moneycontrol poll of 10 economists
A vegetarian thali cost Rs 31.2 in August compared with Rs 32.6 in the previous month
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
Industrial growth to ease to 4.8 percent in June, according to MC poll of 16 economists
Food inflation risks persist, can hurt rural recovery, consumer goods growth and rate trajectory, economists said.
The industrial output growth has risen to 5.9 percent in May, from 5 percent in the previous month, according to the official data released on July 12.
A new base year and methodology of calculation implies that India will be able to track changes in the economy more closely
Based on use-based classification, top three positive contributors to the growth of IIP for the month of April 2024 are primary goods, construction goods and consumer durables.