According to the latest CSO data, IIP contraction in August has been further revised downwards to 1.4 per cent from the provisional 1.1 per cent decline estimated last month
Gross domestic product grew by more than a six-year low of 5 per cent in the first quarter
The Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018.
Experts say too early to call it 'industrial recovery'
From key states ruling out GST rate cut for auto sector to RIL's e-auction mechanism for new KG-D6 gas, here are Friday's top business headlines
According to Head of Research, Geojit Financial Services Ltd, continuous selling by FIIs remains a concern, but markets may trade positively in the short-term in anticipation of policy actions
India's economic growth momentum is expected to slip further as there is no quick fix solution for the structural issues that the economy is facing, says a report. According to D&B Economy Observer, the lackluster growth in the Index of Industrial Production (IIP) is expected to prevail as the manufacturing sector is facing multiple challenges which will take time to get resolved. D&B expects IIP to have remained subdued and grown by 2.5-3 per cent during July this year. The report noted that fiscal stimulus by government and the policy rate cuts by the Reserve Bank of India along with other initiatives are likely to offer some respite to corporates. However, a comprehensive/wide-ranging reform package will be required to address the various issues at the sectoral level, it noted. "The ongoing multiple issues in the global and domestic economy are expected to drag down India's growth further. There is no quick fix solution for the structural issues at the sectoral level and, ..
The manufacturing segment constitutes the bulk of the IIP at 77.6%
Industrial production growth declined to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors.
Experts partially attribute slowdown to cut in spend during elections
Mining growth was at 3.2% in May as against 5.8% in the corresponding month of the last fiscal
This might pull down the growth of GDP in FY19, other things remaining the same
Manufacturing fell 0.4 per cent month-on-month
Growth was subdued due to contraction in mining and lacklustre manufacturing expansion
The BSE Capital Goods Index ended the day with losses of 1.9% on Monday
The consumption story, and revival in NBFC lending may improve prospects
Capital goods, mining dragged it down
June CPI was at 5% vs 4.87% in May
Turnaround in capital goods production, uptick in overall manufacturing growth deliver better growth figure
The industrial growth, measured on the Index of Industrial Production (IIP), was 3.2 per cent in April last year