July Iip Numbers

Hailing the macro decisions made in the recent times to boost economic sentiment, economic affairs secretary, Arvind Mayaram said, “The real impact of all the decisions have been taken is in effect, and we expect the same trend to continue in Q2 as well.”

India GDP to grow 8.1% despite slower reforms: Kaushik Basu

Kaushik Basu, chief economic advisor to the Prime Minister, said that volatility in the IIP numbers is distressing and there is a need to focus on moving average of IIP than the absolute figure. Basu further said that slowdown in growth is expected if the RBI tightens monetary cycle further.

Tight monetary policy reversal to combat slowdown: Basu

Worried over slowdown, as reflected by the July IIP numbers, Chief Economic Adviser Kaushik Basu today suggested reversal of the RBI's tight monetary policy to give a boost to the economy.

Consumer durables to see 15-20% growth despite low IIP: LG

V Ramachandran, director marketing, LG Electronics India told CNBC-TV18 that growth of the segment was mainly affected by unpredictable weather in the country.

Capital goods demand to sustain despite low IIP no: Thermax

The IIP data stated that the capital goods industry grew only 15.2% in July against 37.7% in the previous month. MS Unnikrishnan, managing director of Thermax told CNBC-TV18 that the situation is very bad since this is a major dive downwards.