Economy

The consumer price index (CPI) inflation rose sharply to 4.62% in October compared with 3.99% in September, mainly due to a huge jump in food prices.   Surplus rainfall during August and September has seriously damaged Kharif crops across several states. This would result in food and...
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After cutting India's sovereign ratings, Moody's Investor Services on Thursday cut India's growth forecast to 5.6%, from its earlier 5.8% due to subdued consumer demand, along with sluggish liquidity supply.   Accordingly, the ratings agency revised downwards its growth forecast for...
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Contraction in manufacturing and mining activity plunged India's September factory output deep in the red.   The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019.   "The Quick Estimates of IIP with base 2011-12...
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It has been three years since the Rs500 and Rs1,000 currency notes were demonetised to curb black money and fresh notes of Rs500 and Rs2,000 were released.   After that, the Government has taken several measures to promote digital transactions but according to feedback from people via...
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Moody's Investors Service has downgraded its outlook on India's ratings to "negative" from "stable", on increasing risks of lower economic growth than the past and reflecting lower government effectiveness at addressing long-standing economic and institutional weaknesses. "While...
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