Retail inflation eased in February as food prices rose at a slower pace, while Wholesale Price Index stayed in negative territory for the 16th month, raising expectations of interest rate cut by the Reserve Bank next month
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The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.8 per cent against a growth of 3.4 per cent in January 2015
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Reserve Bank of India Governor Raghuram Rajan has resisted pressure from exporters and policy makers to devalue the currency to support exports
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The investment offers and MoUs that have been signed so far in the Make in India week are an indicator that manufacturing is gaining traction
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Wholesale prices fell for a 15th straight month in January, declining an annual 0.90 per cent, driven down by tumbling oil prices, government data showed on Monday
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The macro indicators of the Indian economy like inflation and external balances have improved significantly in the last two years, but developments on the ground belie these strong numbers
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The data comes days after the economy posted growth of 7.3% in the quarter through December, faster than the 6.8% growth posted by China in the same quarter
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Retail prices rose 5.69 per cent on year in January, their fastest pace since August 2014. Factory output declined for the second month in a row, registering negative growth of 1.3% in December
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The tax collections between April-January show an increase of 33 per cent in indirect tax and 10.9 per cent in direct tax
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The study applauded Prime Minister Narendra Modi’s effort to improve India’s IP environment but stated that his efforts are yet to translate into action
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