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NEWS ON INDIAN ECONOMY - REPORTED IN 2019-2021
RETAIL INFLATIONÂ FURTHERÂ UPÂ Â INÂ Â NOVEMBERÂ Â Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.12.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , retail Inflation rate as measured by Consumer Price Index ( CPI ) raised  to  4.91 % in  November 2021  against  4.48 % in  October 2021 . Â
Food inflation  was at  2.60 % . But  a higher inflation rate of  29.67 %  in edible oils , 5.55 % in meats , & 9.65  % in non-alcoholic beverages  was seen . But negative inflation of  - 13.62  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is still within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 14.12.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , retail Inflation rate as measured by Consumer Price Index ( CPI ) raised  to  4.91 % in  November 2021  against  4.48 % in  October 2021 . Â
Food inflation  was at  2.60 % . But  a higher inflation rate of  29.67 %  in edible oils , 5.55 % in meats , & 9.65  % in non-alcoholic beverages  was seen . But negative inflation of  - 13.62  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is still within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION  CONTINUES TO GROW IN  OCTOBER  2021  : STATISTICAL MINISTRY  Â
DATED 14.12.2021 :     According to press release of  Department of Statistics , Government of India released  recently  , Index of Industrial Production ( IIP )  showed  growth of  3.2 %   in the month of  October 2021  compared with the corresponding month of previous year (  October 2020 ) .  The  growth  was  11.40 % in Mining  ,  2.0 %  in Manufacturing and a  growth of 3.10 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to October 2021 stands at 20.0  % compared with the same period previous year  ( April 2020 to October  2020 ) . The growth was contributed by 20.4 % in Mining , 21.2 % in  Manufacturing and  11.4  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 133.7 for the month of October  2021  against  129.6 in October 2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 14.12.2021 :     According to press release of  Department of Statistics , Government of India released  recently  , Index of Industrial Production ( IIP )  showed  growth of  3.2 %   in the month of  October 2021  compared with the corresponding month of previous year (  October 2020 ) .  The  growth  was  11.40 % in Mining  ,  2.0 %  in Manufacturing and a  growth of 3.10 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to October 2021 stands at 20.0  % compared with the same period previous year  ( April 2020 to October  2020 ) . The growth was contributed by 20.4 % in Mining , 21.2 % in  Manufacturing and  11.4  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 133.7 for the month of October  2021  against  129.6 in October 2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
GDPÂ Â GROWS 8.4% INÂ Â QURTER 2 OFÂ FY 21-22Â Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 01.12.2021 :       According to yesterday's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the Second quarter  of FY 2021-22  ( July to September 2021 ) has grown at  8.4 percent as compared  to contraction of  7.4 percent in Q2 of fy 2020-21Â
 The press report says   " GDP at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹35.73 lakh crore, as against ₹32.97 lakh crore in Q2 2020-21, showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21. Quarterly GVA at Basic Prices at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹32.89 lakh crore, as against ₹30.32 lakh crore in Q2 2020-21, showing a growth of 8.5 percent. . "Â
 All sectors of the sectors  have shown growth during the period including manufacturing at 36.7 % , construction 53.9 % and  Mining & Quarrying at 61  % .Â
 In spite of robust growth in the first two quarters of the current financial year , India has to tread further to recover the meltdown in 2020-21 .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HERE ​
DATED 01.12.2021 :       According to yesterday's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the Second quarter  of FY 2021-22  ( July to September 2021 ) has grown at  8.4 percent as compared  to contraction of  7.4 percent in Q2 of fy 2020-21Â
 The press report says   " GDP at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹35.73 lakh crore, as against ₹32.97 lakh crore in Q2 2020-21, showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21. Quarterly GVA at Basic Prices at Constant (2011-12) Prices in Q2 2021-22 is estimated at ₹32.89 lakh crore, as against ₹30.32 lakh crore in Q2 2020-21, showing a growth of 8.5 percent. . "Â
 All sectors of the sectors  have shown growth during the period including manufacturing at 36.7 % , construction 53.9 % and  Mining & Quarrying at 61  % .Â
 In spite of robust growth in the first two quarters of the current financial year , India has to tread further to recover the meltdown in 2020-21 .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HERE ​
INDUSTRIAL PRODUCTIONÂ Â CONTINUES TOÂ GROWÂ INÂ Â SEPTEMBERÂ Â 2021Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 12.11.2021 :     According to press release of  Department of Statistics , Government of India released  today  , Index of Industrial Production ( IIP )  showed  growth of  3.1 %   in the month of  September 2021  compared with the corresponding month of previous year (  September 2020 ) .  The  growth  was  8.6 % in Mining  ,  2.7 %  in Manufacturing and a  growth of 0.9 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to September 2021 stands at 23.5  % compared with the same period previous year  ( April 2020 to September  2020 ) . The growth was contributed by 22.3 % in Mining , 25.3 % in  Manufacturing and  12.8  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.9  for the month of September  2021  against  124.1 in September 2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.11.2021 :     According to press release of  Department of Statistics , Government of India released  today  , Index of Industrial Production ( IIP )  showed  growth of  3.1 %   in the month of  September 2021  compared with the corresponding month of previous year (  September 2020 ) .  The  growth  was  8.6 % in Mining  ,  2.7 %  in Manufacturing and a  growth of 0.9 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to September 2021 stands at 23.5  % compared with the same period previous year  ( April 2020 to September  2020 ) . The growth was contributed by 22.3 % in Mining , 25.3 % in  Manufacturing and  12.8  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.9  for the month of September  2021  against  124.1 in September 2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ INCHES UPÂ Â INÂ Â OCTOBERÂ Â Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 12.11.2021 :       According to press release of  Department of Statistics , Government of India released  today  , retail Inflation rate as measured by Consumer Price Index ( CPI ) raised  to  4.48 % in September 2021  against  4.35 % in August  2021 . Â
Food inflation  was at   1.82 % . But  a higher inflation rate of  33.50 %  in edible oils , 7.12 in meats , & 11.40  % in non-alcoholic beverages  was seen . But negative inflation of  - 19.43  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 12.11.2021 :       According to press release of  Department of Statistics , Government of India released  today  , retail Inflation rate as measured by Consumer Price Index ( CPI ) raised  to  4.48 % in September 2021  against  4.35 % in August  2021 . Â
Food inflation  was at   1.82 % . But  a higher inflation rate of  33.50 %  in edible oils , 7.12 in meats , & 11.40  % in non-alcoholic beverages  was seen . But negative inflation of  - 19.43  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
INDUSTRIAL PRODUCTIONÂ Â CONTINUES TOÂ GROWÂ INÂ Â AUGUSTÂ Â 2021Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 13.10.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.10.2021  , Index of Industrial Production ( IIP )  showed  growth of  11.9  %   in the month of  August  2021  compared with the corresponding month of previous year (  August 2020 ) .  The  growth  was  23.6 % in Mining  ,  9.7 %  in Manufacturing and a  growth of  16 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to August  2021 stands at 28.6  % compared with the same period previous year  ( April 2020 to August 2020 ) . The growth was contributed by 25.1 % in Mining , 31.2 % in  Manufacturing and  15.4  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 131.1  for the month of August  2021  against  117.2  in August  2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.10.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.10.2021  , Index of Industrial Production ( IIP )  showed  growth of  11.9  %   in the month of  August  2021  compared with the corresponding month of previous year (  August 2020 ) .  The  growth  was  23.6 % in Mining  ,  9.7 %  in Manufacturing and a  growth of  16 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to August  2021 stands at 28.6  % compared with the same period previous year  ( April 2020 to August 2020 ) . The growth was contributed by 25.1 % in Mining , 31.2 % in  Manufacturing and  15.4  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 131.1  for the month of August  2021  against  117.2  in August  2020  .
 The impressive growth in IIP is due to low base figures of 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ FURTHER EASESÂ Â INÂ Â SEPTEMBERÂ Â Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.10.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , retail Inflation rate as measured by Consumer Price Index ( CPI ) further cooled  to  4.35 % in September 2021  against  5.30   % in August  2021 . Â
Food inflation further cooled to  1.61 % . But  a higher inflation rate of  34.19 %  in edible oils , 7.99 in meats , & 8.75  % in pulses  was seen . But negative inflation of -0.61  % in cereals  and - 22.47  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.10.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , retail Inflation rate as measured by Consumer Price Index ( CPI ) further cooled  to  4.35 % in September 2021  against  5.30   % in August  2021 . Â
Food inflation further cooled to  1.61 % . But  a higher inflation rate of  34.19 %  in edible oils , 7.99 in meats , & 8.75  % in pulses  was seen . But negative inflation of -0.61  % in cereals  and - 22.47  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
RETAIL INFLATIONÂ FURTHER EASESÂ Â INÂ Â AUGUSTÂ Â Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.09.2021 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI ) further cooled  to  5.30 % in August 2021  against  5.59   % in July  2021 . Â
Food inflation further cooled to  3.80 % . But  a higher inflation rate of  33 %  in edible oils , 6.69  % in fruits , & 8.81 % in pulses  was seen . But negative inflation of - 1.42  % in cereals  and - 11.68  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.09.2021 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI ) further cooled  to  5.30 % in August 2021  against  5.59   % in July  2021 . Â
Food inflation further cooled to  3.80 % . But  a higher inflation rate of  33 %  in edible oils , 6.69  % in fruits , & 8.81 % in pulses  was seen . But negative inflation of - 1.42  % in cereals  and - 11.68  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION  CONTINUES TO GROW IN  JULY  2021  : STATISTICAL MINISTRY  Â
DATED 13.09.2021 :     According to press release of  Department of Statistics , Government of India released  on 10.09.2021  , Index of Industrial Production ( IIP )  showed  growth of  11.5  %   in the month of  July  2021  compared with the corresponding month of previous year (  July  2020 ) .  The  growth  was  19.5 % in Mining  ,  10.5 %  in Manufacturing and a  growth of  11.1 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to July  2021 stands at 34.1 % compared with the same period previous year  ( April 2020 to July 2020 ) . The growth was contributed by 25.3  % in Mining , 39 % in  Manufacturing and  15.2  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 131.4  for the month of July  2021  against  117.9  in July  2020  .
 The impressive growth in IIP is due to low base figures of May 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.09.2021 :     According to press release of  Department of Statistics , Government of India released  on 10.09.2021  , Index of Industrial Production ( IIP )  showed  growth of  11.5  %   in the month of  July  2021  compared with the corresponding month of previous year (  July  2020 ) .  The  growth  was  19.5 % in Mining  ,  10.5 %  in Manufacturing and a  growth of  11.1 % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to July  2021 stands at 34.1 % compared with the same period previous year  ( April 2020 to July 2020 ) . The growth was contributed by 25.3  % in Mining , 39 % in  Manufacturing and  15.2  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 131.4  for the month of July  2021  against  117.9  in July  2020  .
 The impressive growth in IIP is due to low base figures of May 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
GDPÂ Â SHOWSÂ ROBUST GROWTHÂ Â ONÂ LOWÂ Â BASE FORÂ Â QURTER 1 OFÂ FY 21-22Â Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 01.09.2021 :       According to yesterday's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the First quarter  of FY 2021-22  ( April to June 2021 ) has grown at  20.1 percent as compared  to contraction of 24.4 percent in Q1 2020-21Â
 The press report says   " GDP at Constant (2011-12) Prices in Q1 of 2021-22 is estimated at ₹ 32.38 lakh crore,  as against ₹ 26.95 lakh crore in Q1 of 2020-21, showing a growth of 20.1 percent as compared  to contraction of 24.4 percent in Q1 2020-21. Quarterly GVA at Basic Price at Constant (2011-12) Prices for Q1 of 2021-22 is estimated at ₹ 30.48 lakh crore, as against ₹ 25.66 lakh crore in  Q1 of 2020-21, showing a growth of 18.8 percent .  "Â
 All sectors of the sectors  have shown growth during the period including manufacturing at  49 .6 % , construction 68.3 % and  Hospitality and other service sectors  at 34.3  % .Â
 In spite of robust growth in the first quarter of the current financial year , India has to tread further to recover the meltdown in 2020-21 .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HERE ​
DATED 01.09.2021 :       According to yesterday's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the First quarter  of FY 2021-22  ( April to June 2021 ) has grown at  20.1 percent as compared  to contraction of 24.4 percent in Q1 2020-21Â
 The press report says   " GDP at Constant (2011-12) Prices in Q1 of 2021-22 is estimated at ₹ 32.38 lakh crore,  as against ₹ 26.95 lakh crore in Q1 of 2020-21, showing a growth of 20.1 percent as compared  to contraction of 24.4 percent in Q1 2020-21. Quarterly GVA at Basic Price at Constant (2011-12) Prices for Q1 of 2021-22 is estimated at ₹ 30.48 lakh crore, as against ₹ 25.66 lakh crore in  Q1 of 2020-21, showing a growth of 18.8 percent .  "Â
 All sectors of the sectors  have shown growth during the period including manufacturing at  49 .6 % , construction 68.3 % and  Hospitality and other service sectors  at 34.3  % .Â
 In spite of robust growth in the first quarter of the current financial year , India has to tread further to recover the meltdown in 2020-21 .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HERE ​
NATIONAL MONETISATION PIPELINE
 INDIA ON SALE SPREE :  PLAN TO COLLECT RS 6 LAKH CRORES THROUGH MONETISATION OF ASSETS :Â
NATIONAL MONETISATION PIPELINEÂ Â
 DATED 26.08.2021 :Â
Finance Minister Ms Nirmala Sitharaman launched the National Monetisation Pipeline on 23rd August 2021  .  The plan envisages massive giving way the rights to manage the public assets to private entities .  Government is intending to hand over  the assets of Railways , roads , power , telecom , gas , hotels & sports stadia  each one  through different approach and earn  funds for infrastructure projects . The plan is developed by Niti Ayog , planning wing of the central government .Â
​DEATILS OF THE  PLAN : ​
Union Budget 2021-22 has identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing. Towards this, the Budget provided for preparation of a ‘National Monetisation Pipeline (NMP)’ of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP. Â
 While private sector is being given rights for operation and maintenance of  selected public sector assets for a specific period of time , ownership of most of assets continue to remain with public sector entities.Â
​The NMP is expected to run for 4 years   and the government expects  to raise Rs 6.00 lakh crores through this exercise .Â
The aggregate asset pipeline under NMP over the four-year period, FY 2022-2025, is indicatively valued at Rs 6.0 lakh crore  . These top 5 sectors included in NMP are : Roads (27%) followed by Railways (25%), Power (15%), oil & gas pipelines (8%) and Telecom (6%). Â
 ASSETS CONSIDERED FOR MONETISATION :Â
1. ROADS :Â Â 26,700Â KMS of National HighwaysÂ
2. RAILWAYS :  400 Railway stations , 90 Passenger trains , Railway track of 1,400 kms , 265 Good sheds and other assetsÂ
3. POWER : 28,608 KMS of transmission lines . Power Generation of 6.0 GWÂ
4. TELECOM : 2.86 LAKH KMS of Bharatnet Fibre , 14, 917 towers  ( including that of MTNL & BSNL )Â
​5. NATURAL GAS :  8,154 kms of gas Pipeline , 3930 kms of LPG LineÂ
6. WAREHOUSESÂ Â : 210 Lakh metric Tonne capacity of FCIÂ
7. COAL MINING :Â 160 ProjectsÂ
8. AIRPORTS : 25 NUMBERSÂ
9 . SPORTS :Â Â 2 National stadia and 2 regional centreÂ
10. HOTELS : 8 Hotels owned by ITDC .Â
​To read complete NMP Policy published by Niti Ayog  , CLICK HEREÂ
NATIONAL MONETISATION PIPELINEÂ Â
 DATED 26.08.2021 :Â
Finance Minister Ms Nirmala Sitharaman launched the National Monetisation Pipeline on 23rd August 2021  .  The plan envisages massive giving way the rights to manage the public assets to private entities .  Government is intending to hand over  the assets of Railways , roads , power , telecom , gas , hotels & sports stadia  each one  through different approach and earn  funds for infrastructure projects . The plan is developed by Niti Ayog , planning wing of the central government .Â
​DEATILS OF THE  PLAN : ​
Union Budget 2021-22 has identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing. Towards this, the Budget provided for preparation of a ‘National Monetisation Pipeline (NMP)’ of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP. Â
 While private sector is being given rights for operation and maintenance of  selected public sector assets for a specific period of time , ownership of most of assets continue to remain with public sector entities.Â
​The NMP is expected to run for 4 years   and the government expects  to raise Rs 6.00 lakh crores through this exercise .Â
The aggregate asset pipeline under NMP over the four-year period, FY 2022-2025, is indicatively valued at Rs 6.0 lakh crore  . These top 5 sectors included in NMP are : Roads (27%) followed by Railways (25%), Power (15%), oil & gas pipelines (8%) and Telecom (6%). Â
 ASSETS CONSIDERED FOR MONETISATION :Â
1. ROADS :Â Â 26,700Â KMS of National HighwaysÂ
2. RAILWAYS :  400 Railway stations , 90 Passenger trains , Railway track of 1,400 kms , 265 Good sheds and other assetsÂ
3. POWER : 28,608 KMS of transmission lines . Power Generation of 6.0 GWÂ
4. TELECOM : 2.86 LAKH KMS of Bharatnet Fibre , 14, 917 towers  ( including that of MTNL & BSNL )Â
​5. NATURAL GAS :  8,154 kms of gas Pipeline , 3930 kms of LPG LineÂ
6. WAREHOUSESÂ Â : 210 Lakh metric Tonne capacity of FCIÂ
7. COAL MINING :Â 160 ProjectsÂ
8. AIRPORTS : 25 NUMBERSÂ
9 . SPORTS :Â Â 2 National stadia and 2 regional centreÂ
10. HOTELS : 8 Hotels owned by ITDC .Â
​To read complete NMP Policy published by Niti Ayog  , CLICK HEREÂ
RETAIL INFLATIONÂ Â COOLSÂ Â INÂ Â JULYÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.08.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.08.2021  , Inflation rate as measured by Consumer Price Index ( CPI ) cooled  to  5.59 % in July 2021  against  6.26   % in June  2021 . Â
Food inflation further cooled to  4.46 % . But  a higher inflation rate of  32.53 %  in edible oils , 8.91  % in fruits , & 9.04  % in pulses  was seen . But negative inflation of - 1.75  % in cereals  and - 7.75  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is now within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.08.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.08.2021  , Inflation rate as measured by Consumer Price Index ( CPI ) cooled  to  5.59 % in July 2021  against  6.26   % in June  2021 . Â
Food inflation further cooled to  4.46 % . But  a higher inflation rate of  32.53 %  in edible oils , 8.91  % in fruits , & 9.04  % in pulses  was seen . But negative inflation of - 1.75  % in cereals  and - 7.75  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is now within  the  band of tolerance  of 4 % to 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION  CONTINUES TO BE UP IN  JUNE  2021  : STATISTICAL MINISTRY  Â
DATED 13.08.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.08.2021  , Index of Industrial Production ( IIP )  showed  growth of  13.6  %   in the month of  June  2021  compared with the corresponding month of previous year (  June  2020 ) .  The  growth  was  23.1 % in Mining  ,  13 %  in Manufacturing and a  growth of  8.3  % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to June  2021 stands at 45 % compared with the same period previous year  ( April 2020 to June 2020 ) . The growth was contributed by 27.4  % in Mining ,  53.7 % in  Manufacturing and  16.8  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 122.6  for the month of June  2021  against  107.9  in June   2020  .
 The impressive growth in IIP is due to low base figures of May 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.08.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.08.2021  , Index of Industrial Production ( IIP )  showed  growth of  13.6  %   in the month of  June  2021  compared with the corresponding month of previous year (  June  2020 ) .  The  growth  was  23.1 % in Mining  ,  13 %  in Manufacturing and a  growth of  8.3  % in Electricity production .Â
The cumulative  growth  for the financial year from April 2021 to June  2021 stands at 45 % compared with the same period previous year  ( April 2020 to June 2020 ) . The growth was contributed by 27.4  % in Mining ,  53.7 % in  Manufacturing and  16.8  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 122.6  for the month of June  2021  against  107.9  in June   2020  .
 The impressive growth in IIP is due to low base figures of May 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â CONTINUESÂ TO BE ABOVEÂ RBI TOLERANCEÂ LIMITÂ Â INÂ Â JUNEÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.07.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.07.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  6.26 % in June 2021  against  6.30   % in May  2021 . Â
Food inflation is at the tolerable rate of  5.58 % . But  a higher inflation rate of 34.78 %  in edible oils , 11.82 % in fruits , & 10.01 % in pulses  was seen . But negative inflation of - 1.94 % in cereals  and -0.7  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is still  higher than  the upper limit of tolerance  of 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.07.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.07.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  6.26 % in June 2021  against  6.30   % in May  2021 . Â
Food inflation is at the tolerable rate of  5.58 % . But  a higher inflation rate of 34.78 %  in edible oils , 11.82 % in fruits , & 10.01 % in pulses  was seen . But negative inflation of - 1.94 % in cereals  and -0.7  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is still  higher than  the upper limit of tolerance  of 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION DRASTICALLY UP IN MAY  2021  : STATISTICAL MINISTRY  Â
DATED 13.07.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.07.2021  , Index of Industrial Production ( IIP )  showed  robust growth of  29.3  %   in the month of  Mary  2021  compared with the corresponding month of previous year ( May  2020 ) .  The  growth  was  23.3 % in Mining  ,  34.5  %  in Manufacturing and a  growth of  7.5  % in Electricity production .Â
The cumulative  decline for the financial year from April 2021 to May  2021 stands at 68.8 % compared with the same period previous year  ( April 2020 to May 2020 ) . The growth was contributed by 29.4  % in Mining ,  88.8 % in  Manufacturing and  21.7  %   in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 116.6   for the month of May 2021  against  90.2   in May  2020  .
 The impressive growth in IIP is due to low base figures of May 2020 wherein there was  a huge dip in economic activities  due to spread of pandemic .Â
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â CROSSE RBI TOLERANCEÂ LIMITÂ Â INÂ MAYÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 15.06.2021 :       According to press release of  Department of Statistics , Government of India released  on 14.06.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  6.30 % in May 2021  against  4.29   % in  April  2021 . Â
Food inflation is at the tolerable rate of  5.01% . But  a higher inflation rate of 30.98 %  in edible oils , 11.98 % in fruits , 9.39 % in pulses , meats at 9.03 % was seen . But negative inflation of 1.42 % in cereals  and -1.92  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is now  higher than  the upper limit of tolerance  of 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 15.06.2021 :       According to press release of  Department of Statistics , Government of India released  on 14.06.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  6.30 % in May 2021  against  4.29   % in  April  2021 . Â
Food inflation is at the tolerable rate of  5.01% . But  a higher inflation rate of 30.98 %  in edible oils , 11.98 % in fruits , 9.39 % in pulses , meats at 9.03 % was seen . But negative inflation of 1.42 % in cereals  and -1.92  %  in vegetables moderated  the overall food inflation .Â
The inflation rate is now  higher than  the upper limit of tolerance  of 6 %  set by Reserve Bank of India  .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
 GDP  CONTRACTS 7.3 % IN FY 20-21   : STATISTICAL MINISTRY  Â
Quarter 4 shows a marginal  Growth at  1.6 %  over the previous yearÂ
DATED 31.05.2021 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the Financial year 2020-21 has contracted  7.3 %  . Â
 The press report says   "  Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year  2020-21 is now estimated to attain a level of ₹135.13 lakh crore, as against the First Revised Estimate of GDP for the year 2019-20 of ₹145.69 lakh crore, released on 29th January 2021.  The growth in GDP during 2020-21 is estimated at -7.3 percent as compared to 4.0 percent in  2019-20.  "Â
Some of the sectors  which showed huge negatives are  Mining  8.5 %  , Manufacturing 7.2 % & communication at 18.2 % .Â
However silver lining in the report is that GDP has grown a  nominal growth  of 1.6 % in he las quarter of the financial year over the same period of the previous year . GDP contracted 24.4 % in quarter 1 , 7.4 % in quarter 2 while it grew 0.5 % in quarter 3 and 1.6 % in quarter 4  of the fy 20-21 over  the previous year .Â
Economic Survey of government of India published in january had predicted a contraction of 7.1 % in FY 20-21  and today's announcement is very near the prediction .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HEREÂ
Quarter 4 shows a marginal  Growth at  1.6 %  over the previous yearÂ
DATED 31.05.2021 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the Financial year 2020-21 has contracted  7.3 %  . Â
 The press report says   "  Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year  2020-21 is now estimated to attain a level of ₹135.13 lakh crore, as against the First Revised Estimate of GDP for the year 2019-20 of ₹145.69 lakh crore, released on 29th January 2021.  The growth in GDP during 2020-21 is estimated at -7.3 percent as compared to 4.0 percent in  2019-20.  "Â
Some of the sectors  which showed huge negatives are  Mining  8.5 %  , Manufacturing 7.2 % & communication at 18.2 % .Â
However silver lining in the report is that GDP has grown a  nominal growth  of 1.6 % in he las quarter of the financial year over the same period of the previous year . GDP contracted 24.4 % in quarter 1 , 7.4 % in quarter 2 while it grew 0.5 % in quarter 3 and 1.6 % in quarter 4  of the fy 20-21 over  the previous year .Â
Economic Survey of government of India published in january had predicted a contraction of 7.1 % in FY 20-21  and today's announcement is very near the prediction .Â
​
​To read the Press notification of the ministry  and complete statistics  , CLICK HEREÂ
INDUSTRIAL PRODUCTIONÂ DRASTICALLY UPÂ INÂ MARCHÂ Â 2021Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 14.05.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.05.2021  , Index of Industrial Production ( IIP )  showed  robust growth of  22.4 %   in the month of  March  2021  compared with the corresponding month of previous year ( March  2020 ) .  The  growth  was 6.1 % in Mining  ,  25.8 %  in Manufacturing and a  growth of  22.5  % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to March  2021 stands at 8.6 % compared with the same period previous year  ( April 2019 to February  2020 ) . The decline was contributed by 7.8  % in Mining ,  9.8 % contraction in  Manufacturing and 0.5 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 143.4  for the month of March 2021  against  117.2   in March  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 14.05.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.05.2021  , Index of Industrial Production ( IIP )  showed  robust growth of  22.4 %   in the month of  March  2021  compared with the corresponding month of previous year ( March  2020 ) .  The  growth  was 6.1 % in Mining  ,  25.8 %  in Manufacturing and a  growth of  22.5  % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to March  2021 stands at 8.6 % compared with the same period previous year  ( April 2019 to February  2020 ) . The decline was contributed by 7.8  % in Mining ,  9.8 % contraction in  Manufacturing and 0.5 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 143.4  for the month of March 2021  against  117.2   in March  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â DIPSÂ Â INÂ APRILÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.05.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.05.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  4.29 % in April 2021  against  5.52   % in  March  2021 .  Food inflation is at the tolerable rate of 2.66% .  The inflation rate is now slightly  higher than  the midterm range of 4 % set by Reserve Bank of India , but within  the tolerance band .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 14.05.2021 :       According to press release of  Department of Statistics , Government of India released  on 12.05.2021  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  4.29 % in April 2021  against  5.52   % in  March  2021 .  Food inflation is at the tolerable rate of 2.66% .  The inflation rate is now slightly  higher than  the midterm range of 4 % set by Reserve Bank of India , but within  the tolerance band .Â
​​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION  CONTRACTS  IN FEBRUARY  2021  TOO : STATISTICAL MINISTRY  Â
DATED 13.04.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.04.2021  , Index of Industrial Production ( IIP )  showed contract  of  3.6 %   in the month of  February  2021  compared with the corresponding month of previous year ( February 2020 ) .  The  contraction  was 5.5 % in Mining  ,  3.7 %  in Manufacturing and a nominal growth of 0.1 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  February  2021 stands at  11.3 % compared with the same period previous year  ( April 2019 to February  2020 ) . The decline was contributed by 9.6 % in Mining   12.6 % contraction in  Manufacturing and  2.4 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 129.4  for the month of  February 2020  against  134.2   in February  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.04.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.04.2021  , Index of Industrial Production ( IIP )  showed contract  of  3.6 %   in the month of  February  2021  compared with the corresponding month of previous year ( February 2020 ) .  The  contraction  was 5.5 % in Mining  ,  3.7 %  in Manufacturing and a nominal growth of 0.1 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  February  2021 stands at  11.3 % compared with the same period previous year  ( April 2019 to February  2020 ) . The decline was contributed by 9.6 % in Mining   12.6 % contraction in  Manufacturing and  2.4 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 129.4  for the month of  February 2020  against  134.2   in February  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â UPÂ AGAINÂ Â INÂ MARCHÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.04.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  5.52 % in March 2021  against  5.03   % in  February  2021 .  However CPI for March 2021 is  lower  than the  last year CPI  of  5.91 % for  March 2020 . Food inflation is at the tolerable rate of 4. 94 % , but higher compared to March 2020 rate .  The inflation rate is now higher than  the midterm range of 4 % set by Reserve Bank of India , but within  the tolerance band .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.04.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  5.52 % in March 2021  against  5.03   % in  February  2021 .  However CPI for March 2021 is  lower  than the  last year CPI  of  5.91 % for  March 2020 . Food inflation is at the tolerable rate of 4. 94 % , but higher compared to March 2020 rate .  The inflation rate is now higher than  the midterm range of 4 % set by Reserve Bank of India , but within  the tolerance band .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
​INDUSTRIAL PRODUCTION  CONTRACTS 1.6 % JANUARY  2021: STATISTICAL MINISTRY  Â
DATED 13.03.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.03.2021  , Index of Industrial Production ( IIP )  showed contract  of  1.6 %   in the month of  January  2021 compared with the corresponding month of previous year ( January 2020 ) .  The  contraction  was 3.7 % in Mining  ,  2.0 %  in Manufacturing and a growth of  5.5 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  January  2021 stands at 12.2 % compared with the same period previous year  ( April 2019 to January  2020 ) . The decline was contributed by 10.4 %  growth in Mining   13.6 contraction in  % in Manufacturing and  2.7 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 135. 2  for the month of  January 2020  against  137.4   in January  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.03.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.03.2021  , Index of Industrial Production ( IIP )  showed contract  of  1.6 %   in the month of  January  2021 compared with the corresponding month of previous year ( January 2020 ) .  The  contraction  was 3.7 % in Mining  ,  2.0 %  in Manufacturing and a growth of  5.5 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  January  2021 stands at 12.2 % compared with the same period previous year  ( April 2019 to January  2020 ) . The decline was contributed by 10.4 %  growth in Mining   13.6 contraction in  % in Manufacturing and  2.7 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 135. 2  for the month of  January 2020  against  137.4   in January  2020  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â UPÂ ATÂ Â 5.03 %Â Â INÂ FEBRUARYÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.03.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  5.03 % in February 2021  against  4.06  % in  January  2021 .  However CPI for February  2021 is  lower  than the  last year CPI  of  6.58  % for  February   2020 . Food inflation is at the tolerable rate of 4.25 % .  The inflation rate is now higher than  the midterm range of 4 % set by Reserve Bank of India .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.03.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  again rose  to  5.03 % in February 2021  against  4.06  % in  January  2021 .  However CPI for February  2021 is  lower  than the  last year CPI  of  6.58  % for  February   2020 . Food inflation is at the tolerable rate of 4.25 % .  The inflation rate is now higher than  the midterm range of 4 % set by Reserve Bank of India .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
 FINALLY GDP EXPANDS   IN Q3 : STATISTICAL MINISTRY  Â
Quarter 3  Growth at 0.4 %  over the previous yearÂ
DATED 26.02.2021 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending  December 2020 ( Q3 ) of FY 2020-21 has shown a nominal  growth of  0.4 %   . Â
 The press report says   " GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at ₹ 36.22 lakh crore, as against ₹ 36.08 lakh crore in Q3 of 2019-20, showing a growth of 0.4 percent   "Â
Some of the sectors  which showed huge growth are  Agriculture  3.9 %  , Manufacturing  1.6 % & Electricity 7.3 % and services 6.6 %  . The sectors which are still showing contraction are Mining - 5.9 % and Hotel  & Transaportation at - 7.7 %Â
GDP had contracted  24.4 % % IN Q1 of this year 2020-21 and 7.3 % in  q2 .Â
​To read the press release , CLICK HEREÂ
Quarter 3  Growth at 0.4 %  over the previous yearÂ
DATED 26.02.2021 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending  December 2020 ( Q3 ) of FY 2020-21 has shown a nominal  growth of  0.4 %   . Â
 The press report says   " GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at ₹ 36.22 lakh crore, as against ₹ 36.08 lakh crore in Q3 of 2019-20, showing a growth of 0.4 percent   "Â
Some of the sectors  which showed huge growth are  Agriculture  3.9 %  , Manufacturing  1.6 % & Electricity 7.3 % and services 6.6 %  . The sectors which are still showing contraction are Mining - 5.9 % and Hotel  & Transaportation at - 7.7 %Â
GDP had contracted  24.4 % % IN Q1 of this year 2020-21 and 7.3 % in  q2 .Â
​To read the press release , CLICK HEREÂ
INDUSTRIAL PRODUCTIONÂ Â GROWS 1.0 %Â INÂ Â DECEMBERÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 13.02.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.02.2021  , Index of Industrial Production ( IIP )  showed a growth of  1.0 %   in the month of  December  2020 compared with the corresponding month of previous year ( December  2019 ) .  The  contraction  was 4.8 % in Mining  ,  1.6 % growth in Manufacturing and a growth of  5.1 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  December 2020 stands at 13.5   % compared with the same period previous year  ( April 19 to December  2019 ) . The decline was contributed by 0.6 %  growth in Mining  , 15.1 contraction in  % in Manufacturing and  3.6 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 135.9  for the month of  December 2020  against  134.5   in December  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.02.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.02.2021  , Index of Industrial Production ( IIP )  showed a growth of  1.0 %   in the month of  December  2020 compared with the corresponding month of previous year ( December  2019 ) .  The  contraction  was 4.8 % in Mining  ,  1.6 % growth in Manufacturing and a growth of  5.1 % in Electricity production .Â
The cumulative  decline for the financial year from April 2020 to  December 2020 stands at 13.5   % compared with the same period previous year  ( April 19 to December  2019 ) . The decline was contributed by 0.6 %  growth in Mining  , 15.1 contraction in  % in Manufacturing and  3.6 %  contraction in Electricity production . Â
​
The quick estimate of  IIP with base 2011-12 stood at 135.9  for the month of  December 2020  against  134.5   in December  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â COOLSÂ Â TOÂ Â 4.06 %Â Â INÂ JANUARYÂ Â 2021 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.02.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 4.06% in January 2021  against  4.59 % in  December 2020 .  CPI for November 2020 is  also lower  than the  last year CPI  of  7. 59  % for   January  2020 . Food inflation is also lower at the rate of just 2.67 % .  The inflation rate is now near the midterm range of 4 % set by Reserve Bank of India .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
DATED 13.02.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 4.06% in January 2021  against  4.59 % in  December 2020 .  CPI for November 2020 is  also lower  than the  last year CPI  of  7. 59  % for   January  2020 . Food inflation is also lower at the rate of just 2.67 % .  The inflation rate is now near the midterm range of 4 % set by Reserve Bank of India .Â
​
To read the Press Release of the ministry ,   CLICK HERE ​
ECONOMIC SURVEY 2021
 INDIA TO CONTRACT BY 7.7 % IN 2021 : ECONOMIC SURVEYÂ
​Dated 30.01.2021 : The economic survey 2021 was presented to the parliament yesterday  by  Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman  . Key points presented in the economic survey are :Â
1.India’s GDP is Estimated to Contract by 7.7 Per Cent in FY2020-21Â
2. Agriculture to Clock 3.4 Per Cent Growth, While Industry and Services to Contract by 9.6 Per Cent and 8.8 Per Cent Respectively this Year This   Year .
3. India to Have a Current Account Surplus of 2 Per Cent of GDP in FY21 .Â
4. Net FPI Inflows Recorded an All-Time Monthly High of 9.8 Billion Dollars in November 2020 .  Â
 Economic Survey also expects  that India’s real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent .Â
To read the key highlights of the  economic survey ,  CLICK HEREÂ
​Dated 30.01.2021 : The economic survey 2021 was presented to the parliament yesterday  by  Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman  . Key points presented in the economic survey are :Â
1.India’s GDP is Estimated to Contract by 7.7 Per Cent in FY2020-21Â
2. Agriculture to Clock 3.4 Per Cent Growth, While Industry and Services to Contract by 9.6 Per Cent and 8.8 Per Cent Respectively this Year This   Year .
3. India to Have a Current Account Surplus of 2 Per Cent of GDP in FY21 .Â
4. Net FPI Inflows Recorded an All-Time Monthly High of 9.8 Billion Dollars in November 2020 .  Â
 Economic Survey also expects  that India’s real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent .Â
To read the key highlights of the  economic survey ,  CLICK HEREÂ
RETAIL INFLATIONÂ Â MODERATESÂ TOÂ Â 4.59 %Â Â INÂ DECEMBERÂ 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.01.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 4.59 % in  December 2020 against  6.93 %  in November ​2020 .  CPI for November 2020 is  also lower  than the  last year CPI  of  7.35  % for   December  2019 . However the rate is also  higher than the midterm range of 4 % set by Reserve Bank of India , but  within the upper band set at 6 % .Â
​
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​​
DATED 13.01.2021 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 4.59 % in  December 2020 against  6.93 %  in November ​2020 .  CPI for November 2020 is  also lower  than the  last year CPI  of  7.35  % for   December  2019 . However the rate is also  higher than the midterm range of 4 % set by Reserve Bank of India , but  within the upper band set at 6 % .Â
​
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​​
​INDUSTRIAL PRODUCTION  CONTRACTS 1.9 % IN  NOVEMBER  2020: STATISTICAL MINISTRY  Â
DATED 13.01.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.02.2021  , Index of Industrial Production ( IIP )  showed a contraction of  1.9 %   in the month of  November  2020 compared with the corresponding month of previous year ( November  2019 ) .  The  contraction  was 7.3 % in Mining  ,  1.7 %  in Manufacturing and a growth of 3.5  % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  November 2020 stands at 15.5   % compared with the same period previous year  ( April 19 to November  2019 ) . The decline was contributed by 12.5  % in Mining  , 17.3 % in Manufacturing and  4.6  % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 126.3  for the month of  November 2020  against  128.8   in November  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.01.2021 :     According to press release of  Department of Statistics , Government of India released  on 12.02.2021  , Index of Industrial Production ( IIP )  showed a contraction of  1.9 %   in the month of  November  2020 compared with the corresponding month of previous year ( November  2019 ) .  The  contraction  was 7.3 % in Mining  ,  1.7 %  in Manufacturing and a growth of 3.5  % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  November 2020 stands at 15.5   % compared with the same period previous year  ( April 19 to November  2019 ) . The decline was contributed by 12.5  % in Mining  , 17.3 % in Manufacturing and  4.6  % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 126.3  for the month of  November 2020  against  128.8   in November  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â GOES UP TOÂ Â 6.93Â %Â Â INÂ NOVEMBERÂ 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 15.12.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 6.93 % in November 2020 against 7.61 %  in October ​2020 .  CPI for November 2020 is  much higher than the  last year CPI  of  5.54  % for  November  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and higher than the upper band set at 6 % .Â
​
The food inflation for October 2020 was at 8.76 % compared with the figures of November 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​
DATED 15.12.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 6.93 % in November 2020 against 7.61 %  in October ​2020 .  CPI for November 2020 is  much higher than the  last year CPI  of  5.54  % for  November  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and higher than the upper band set at 6 % .Â
​
The food inflation for October 2020 was at 8.76 % compared with the figures of November 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​
​INDUSTRIAL PRODUCTION SHOWS GROWTH OF 3.6 % IN  OCTOBER  2020: STATISTICAL MINISTRY  Â
DATED 15.12.2020 :     According to press release of  Department of Statistics , Government of India released  on 12.12.2020  , Index of Industrial Production ( IIP )  showed a marginal increase of  3.6 %   in the month of  October  2020 compared with the corresponding month of previous year ( October  2019 ) .  The growth was  contraction of 1.5 % in Mining  , 3.5 % growth  in Manufacturing and growth of 11.2  % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  October 2020 stands at 17.5   % compared with the same period previous year  ( April 19 to October  2019 ) . The decline was contributed by 13.3  % in Mining  , 19.7  % in Manufacturing and  5.6  % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 128.5  for the month of  October 2020  against  124.0   in October  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 15.12.2020 :     According to press release of  Department of Statistics , Government of India released  on 12.12.2020  , Index of Industrial Production ( IIP )  showed a marginal increase of  3.6 %   in the month of  October  2020 compared with the corresponding month of previous year ( October  2019 ) .  The growth was  contraction of 1.5 % in Mining  , 3.5 % growth  in Manufacturing and growth of 11.2  % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  October 2020 stands at 17.5   % compared with the same period previous year  ( April 19 to October  2019 ) . The decline was contributed by 13.3  % in Mining  , 19.7  % in Manufacturing and  5.6  % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 128.5  for the month of  October 2020  against  124.0   in October  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
GDP CONTRACTSÂ Â Â INÂ Q2Â ALSOÂ Â :Â STATISTICAL MINISTRYÂ Â Â
Quarter 2Â contraction is 7.5 %Â Â
DATED 27.11.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending  September 2020 ( Q2 ) of FY 2020-21 has contracted  7.5 %  compared with  4.4 % growth of the quarter Q2 of 2019-20 ( ending September 2019 )  . Â
 The press report says   " GDP at Constant (2011-12) Prices in Q2 of 2020-21 is estimated at ₹ 33.14 lakh crore,  as against ₹ 35.84 lakh crore in Q2 of 2019-20, showing a contraction of 7.5 percent as  compared to 4.4 percent growth in Q2 2019-20. Quarterly GVA at Basic Prices at Constant  (2011-12) Prices for Q2 of 2020-21 is estimated at ₹30.49 lakh crore, as against ₹ 32.78 lakh  crore in Q2 of 2019-20, showing a contraction of 7.0 percent​   "Â
Some of the sectors showed huge negative growth are Transportation ( Passengers at Air port 77.4 % , Railway passengers 98 % , sales of commercial vehicles  20.1 % ) .Â
The growth is found in banking sector with deposits growing by 10.5 % and credits by 5.1 % .Â
GDP had contracted  23.9 % % IN Q1 of this year 2020-21 and contraction of just 7.5 %  shows improvement  of the economy compared to Q1 .Â
​To read the press release , CLICK HEREÂ
Quarter 2Â contraction is 7.5 %Â Â
DATED 27.11.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending  September 2020 ( Q2 ) of FY 2020-21 has contracted  7.5 %  compared with  4.4 % growth of the quarter Q2 of 2019-20 ( ending September 2019 )  . Â
 The press report says   " GDP at Constant (2011-12) Prices in Q2 of 2020-21 is estimated at ₹ 33.14 lakh crore,  as against ₹ 35.84 lakh crore in Q2 of 2019-20, showing a contraction of 7.5 percent as  compared to 4.4 percent growth in Q2 2019-20. Quarterly GVA at Basic Prices at Constant  (2011-12) Prices for Q2 of 2020-21 is estimated at ₹30.49 lakh crore, as against ₹ 32.78 lakh  crore in Q2 of 2019-20, showing a contraction of 7.0 percent​   "Â
Some of the sectors showed huge negative growth are Transportation ( Passengers at Air port 77.4 % , Railway passengers 98 % , sales of commercial vehicles  20.1 % ) .Â
The growth is found in banking sector with deposits growing by 10.5 % and credits by 5.1 % .Â
GDP had contracted  23.9 % % IN Q1 of this year 2020-21 and contraction of just 7.5 %  shows improvement  of the economy compared to Q1 .Â
​To read the press release , CLICK HEREÂ
INDUSTRIAL PRODUCTIONÂ SHOWS MARGINAL GROWTH OFÂ 0.2 %Â INÂ Â SEPTEMBERÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 13.11.2020 :     According to press release of  Department of Statistics , Government of India released  yesterday  , Index of Industrial Production ( IIP )  showed a marginal increase of  0.2 %   in the month of  September  2020 compared with the corresponding month of previous year ( September  2019 ) .  The growth was 1.4 % in Mining  , 0.6 % contraction in Manufacturing and growth of 4.9 % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  September 2020 stands at 21.1  % compared with the same period previous year  ( April 19 to September  2019 ) . The decline was contributed by 15.3   % in Mining  , 23.6 % in Manufacturing and  8.0 % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 123.2  for the month of  September 2020  against  122.9  in  September  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.11.2020 :     According to press release of  Department of Statistics , Government of India released  yesterday  , Index of Industrial Production ( IIP )  showed a marginal increase of  0.2 %   in the month of  September  2020 compared with the corresponding month of previous year ( September  2019 ) .  The growth was 1.4 % in Mining  , 0.6 % contraction in Manufacturing and growth of 4.9 % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  September 2020 stands at 21.1  % compared with the same period previous year  ( April 19 to September  2019 ) . The decline was contributed by 15.3   % in Mining  , 23.6 % in Manufacturing and  8.0 % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 123.2  for the month of  September 2020  against  122.9  in  September  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â GOES UP TOÂ Â 7.61 %Â Â INÂ OCTOBERÂ 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.11.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 7. 61 % in Octo ber 2020 against 7.27 %  in September ​2020 .  CPI for October 2020 is  much higher than the  last year CPI  of  4.62  % for  October  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and higher than the upper band set at 6 % .Â
​
The food inflation for October 2020 was at 10. 11 % compared with the figures of October 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​
DATED 13.11.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 7. 61 % in Octo ber 2020 against 7.27 %  in September ​2020 .  CPI for October 2020 is  much higher than the  last year CPI  of  4.62  % for  October  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and higher than the upper band set at 6 % .Â
​
The food inflation for October 2020 was at 10. 11 % compared with the figures of October 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​
RETAIL INFLATIONÂ Â GOES UP TOÂ Â 7.34 %Â Â INÂ SEPTEMBERÂ 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 12.10.2020 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 7.34 % in September 2020 against 6. 69 %  in  August ​2020 .  CPI for September 2020 is  much higher than the  last year CPI  of  3.21  % for  August  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % .Â
​
The food inflation for September 2020 was at 10.60 % compared with the figures of September 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​
DATED 12.10.2020 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 7.34 % in September 2020 against 6. 69 %  in  August ​2020 .  CPI for September 2020 is  much higher than the  last year CPI  of  3.21  % for  August  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % .Â
​
The food inflation for September 2020 was at 10.60 % compared with the figures of September 2019
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​​​
RETAIL INFLATIONÂ Â SOFTENSÂ TOÂ Â 6.69 %Â Â INÂ AUGUST 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 15.09.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  softened to 6.69 % in August 2020 against 6.73 %  in  July  2020 .  But CPI for  August   2020 is  much higher than the  last year CPI  of  3.99  % for  September 2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % .Â
The food inflation for August 2020 was at 9.05 % compared with the figures of August 2019 .Â
 .Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​
INDUSTRIAL PRODUCTIONÂ INÂ NEGATIVE GROWTH OFÂ 10.4 %Â INÂ Â JULYÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 12.09.2020 :     According to press release of  Department of Statistics , Government of India released on 11.09.2020 , Index of Industrial Production ( IIP )  showed a decline  of 10.4 %   in the month of July 2020 compared with the corresponding month of previous year ( July 2019 ) .  The contraction was 13 % in Mining  , 11.1 % in Manufacturing and 2.5 % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  July 2020 stands at 29.2  % compared with the same period previous year  ( April 19 to July 2019 ) . The decline was contributed by 20.2  % in Mining  , 32.8 % in Manufacturing and 12.5 % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 118.1  for the month of July 2020  against  131.8  in  July  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.09.2020 :     According to press release of  Department of Statistics , Government of India released on 11.09.2020 , Index of Industrial Production ( IIP )  showed a decline  of 10.4 %   in the month of July 2020 compared with the corresponding month of previous year ( July 2019 ) .  The contraction was 13 % in Mining  , 11.1 % in Manufacturing and 2.5 % in Electricity .Â
The cumulative  decline for the financial year from April 2020 to  July 2020 stands at 29.2  % compared with the same period previous year  ( April 19 to July 2019 ) . The decline was contributed by 20.2  % in Mining  , 32.8 % in Manufacturing and 12.5 % in Electricity . Â
​
The quick estimate of  IIP with base 2011-12 stood at 118.1  for the month of July 2020  against  131.8  in  July  2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
GDP CONTRACTSÂ 23.9Â %Â %Â INÂ Q1Â OF THE YEAR 2020-21Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 31.08.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   June 2020 ( Q1 ) of FY 2020-21 has crashed  23.9 %  compared with  5.2 % growth of the quarter Q1 of 2019-20 ( ending  June 2019 )  . Â
 The press report says   " ​   GDP at Current Prices in the year Q1 2020-21 is estimated at ₹ 38.08 lakh crore, as against ₹ 49.18 lakh crore in Q1 2019-20, showing a contraction of 22.6 percent as compared to  8.1 percent growth in Q1 2019-20 "Â
Some of the sectors showed huge negative growth are Transportation ( Passengers at Air port 94.1 % , Railway passengers 99.5 % , sales of commercial vehicles 84.8 % ) , Manufacturing by 40.7 % , Mineral production by 43.3 % , Steel consumption by 56.8 % and cemeny by 38.3 % .Â
The growth is found in banking sector with deposits growing by 9.6 % and credits by 5.6 %Â
​To read the press release , CLICK HEREÂ
DATED 31.08.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   June 2020 ( Q1 ) of FY 2020-21 has crashed  23.9 %  compared with  5.2 % growth of the quarter Q1 of 2019-20 ( ending  June 2019 )  . Â
 The press report says   " ​   GDP at Current Prices in the year Q1 2020-21 is estimated at ₹ 38.08 lakh crore, as against ₹ 49.18 lakh crore in Q1 2019-20, showing a contraction of 22.6 percent as compared to  8.1 percent growth in Q1 2019-20 "Â
Some of the sectors showed huge negative growth are Transportation ( Passengers at Air port 94.1 % , Railway passengers 99.5 % , sales of commercial vehicles 84.8 % ) , Manufacturing by 40.7 % , Mineral production by 43.3 % , Steel consumption by 56.8 % and cemeny by 38.3 % .Â
The growth is found in banking sector with deposits growing by 9.6 % and credits by 5.6 %Â
​To read the press release , CLICK HEREÂ
GDP CRASHES 23.9 % IN Q1 OF FY 2020-21
RBI PAINTS GLOOMY PICTURE OF INDIAN ECONOMY
RETAIL INFLATIONÂ Â INCHES UP TOÂ Â 6.93Â %Â Â INÂ JULY 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.08.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  went up to 6.93 % in July 2020 against 6.23 %  in  June  2020 . The ministry had skipped the figures regarding May 2020 .  . But CPI for  July   2020 is  much higher than the  last year CPI  of  3.15  % for  July  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​
DATED 14.08.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  went up to 6.93 % in July 2020 against 6.23 %  in  June  2020 . The ministry had skipped the figures regarding May 2020 .  . But CPI for  July   2020 is  much higher than the  last year CPI  of  3.15  % for  July  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​​​
 POOREST ARE HARDEST HIT  :  RBI REPORTÂ
Dated 28.08.2020  :  Reserve Bank of India ( RBI ) released its annual report for the period ending June 2020  wherein it assessed  the state of Indian economy viz a viz Global economy . Â
While the report noted that the poorest were hardest hit in the on going pandemic crisis and economic slowdown  , some of the key points noted by the report were Â
1. The year 2019-20 (April-March) marked  India’s lowest gross domestic product (GDP)  growth since the global financial crisis (GFC).Â
2. The pandemic has exposed new inequities -  white collar employees can work from home while essential workers have to work on site, exposed to the risk of getting infected. In some areas of work such as hospitality, hotels and restaurants, airlines and tourism, employment losses are more severe than in other areas. The poorest have been hit the hardest.Â
3. A perceptible slowdown in the industrial  sector has set in after 2015-16, with its epicentre  in manufacturing.  ( 1.16 )
4.  Service sector also   showed   lower growth during 2019 -29   and some of the reasons were grounding of an airline; financial sector stress; stalled construction projects; revenue-related issues in telecom; port activity impeded by muted foreign trade; coal production losses impacting railway freight traffic - operated in conjunction with  the slowdown in aggregate demand to pull the sector’s output to its lowest growth in two decades.  ( 1.17 )Â
5.  On Retail Inflation : The prices of non-discretionary essential items have surged even as many discretionary items have gone out of transactions.
6. On Investment :  Precautionary  saving instincts have gripped businesses and  households amidst heightened risk aversion,  while the appetite for investment has evaporated.  ( 1.25 )Â
7. Call for Monetisation of Government Assets : Targeted public investment funded by  monetisation of assets in steel, coal, power, land,
railways and privatisation of major ports by central and state governments under an independent  regulator can be the way forward to revive
and crowd in private investment.  ( 1.33 )Â
8.   DOWNTURN TO CONTINUE : India’s potential  output can undergo a structural downshift as the recovery driven by stimulus and regulatory  easing gets unwound in a post-pandemic scenario. Â
The annual report is not only detailed report on the working of RBI , but also of the state of India in economic and monetary fields .Â
​To read complete report , CLICK HEREÂ
Dated 28.08.2020  :  Reserve Bank of India ( RBI ) released its annual report for the period ending June 2020  wherein it assessed  the state of Indian economy viz a viz Global economy . Â
While the report noted that the poorest were hardest hit in the on going pandemic crisis and economic slowdown  , some of the key points noted by the report were Â
1. The year 2019-20 (April-March) marked  India’s lowest gross domestic product (GDP)  growth since the global financial crisis (GFC).Â
2. The pandemic has exposed new inequities -  white collar employees can work from home while essential workers have to work on site, exposed to the risk of getting infected. In some areas of work such as hospitality, hotels and restaurants, airlines and tourism, employment losses are more severe than in other areas. The poorest have been hit the hardest.Â
3. A perceptible slowdown in the industrial  sector has set in after 2015-16, with its epicentre  in manufacturing.  ( 1.16 )
4.  Service sector also   showed   lower growth during 2019 -29   and some of the reasons were grounding of an airline; financial sector stress; stalled construction projects; revenue-related issues in telecom; port activity impeded by muted foreign trade; coal production losses impacting railway freight traffic - operated in conjunction with  the slowdown in aggregate demand to pull the sector’s output to its lowest growth in two decades.  ( 1.17 )Â
5.  On Retail Inflation : The prices of non-discretionary essential items have surged even as many discretionary items have gone out of transactions.
6. On Investment :  Precautionary  saving instincts have gripped businesses and  households amidst heightened risk aversion,  while the appetite for investment has evaporated.  ( 1.25 )Â
7. Call for Monetisation of Government Assets : Targeted public investment funded by  monetisation of assets in steel, coal, power, land,
railways and privatisation of major ports by central and state governments under an independent  regulator can be the way forward to revive
and crowd in private investment.  ( 1.33 )Â
8.   DOWNTURN TO CONTINUE : India’s potential  output can undergo a structural downshift as the recovery driven by stimulus and regulatory  easing gets unwound in a post-pandemic scenario. Â
The annual report is not only detailed report on the working of RBI , but also of the state of India in economic and monetary fields .Â
​To read complete report , CLICK HEREÂ
INDUSTRIAL PRODUCTIONÂ INÂ NEGATIVE GROWTH OFÂ 16.6 %Â INÂ Â JUNEÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 14.08.2020 :     According to press release of  Department of Statistics , Government of India released on 11.08.2020 , Index of Industrial Production ( IIP )  showed a decline  of 16.6 %   in the month of June 2020 compared with the corresponding month of previous year ( June 2019 ) . The cumulative  decline for the financial year from April 2020 to  June 2020 stands at 35.9  % compared with the same period previous year  ( April 19 to June 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 120.8  for the month of June 2020  against  142.6  in  June 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 14.08.2020 :     According to press release of  Department of Statistics , Government of India released on 11.08.2020 , Index of Industrial Production ( IIP )  showed a decline  of 16.6 %   in the month of June 2020 compared with the corresponding month of previous year ( June 2019 ) . The cumulative  decline for the financial year from April 2020 to  June 2020 stands at 35.9  % compared with the same period previous year  ( April 19 to June 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 120.8  for the month of June 2020  against  142.6  in  June 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â IS ATÂ 6.09Â %Â Â INÂ JUNE 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.07.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 6.09 % ( provisional ) in  June  2020 . The ministry had skipped the figures regarding May 2020 .  . But CPI for  June   2020 is  much higher than the  last year CPI  of  3.18  % for  June   2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​​
DATED 14.07.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 6.09 % ( provisional ) in  June  2020 . The ministry had skipped the figures regarding May 2020 .  . But CPI for  June   2020 is  much higher than the  last year CPI  of  3.18  % for  June   2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India and marginally higher than the upper band set at 6 % . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​​
INDIAN ECONOMY TO CONTRACTÂ IN FIRST HALFÂ :Â Â RBIÂ
Dated 06.08.2020  :  Mr Shaktikantha Das , Governor of Reserve Bank of India , has voiced concerns over the state of Indian economy , in the bi-monthly meeting MPC ( Monetary Policy Committee ) meeting held during first week of this month . RBI expects contraction of Indian Economy during the first half year of the current financial year 2020-21.  Further he expects Inflation to continue at higher levels during the second quarter of the year .Â
ECONOMIC GROWTH ON CONTRACTION :
The committee noted  " The pace of contraction of industrial production, measured by the index of industrial production (IIP), moderated to (-) 34.7 per cent in May from (-) 57.6 per cent a month ago, with the easing of lockdowns in different parts of the country. All manufacturing sub-sectors, except pharmaceuticals, remained in negative territory. The output of core industries in June contracted for the fourth successive month though with a considerable moderation. The Reserve Bank’s business assessment index (BAI) for Q1:2020-21 hit its lowest mark in the survey’s history. The manufacturing PMI remained in contraction, shrinking further to 46.0 in July from 47.2 in the preceding month. "Â
RBI expected real GDP growth to be negative, for the year 2020-21, as a whole.  RBI hoped that  early containment of the COVID-19 pandemic may impart an upside to the outlook. But more protracted spread of the pandemic, deviations from the forecast of a normal monsoon and global financial market volatility are the key downside risks.
 INFLATION ON RISE :Â
 The committee  took note of   sharp upward revision of food inflation for the month of April and May. During Q1:2020-21 food inflation moderated from 10.5 per cent in April to 7.3 per cent in June 2020.   Further it observed that "Fuel inflation edged up as international kerosene and LPG prices firmed up. Inflation excluding food and fuel was at 5.4 per cent in June, reflecting a spike in prices across most sub-groups. Inflation in transport and communication, personal care and effects, pan-tobacco and education registered significant increases in June. Headline CPI inflation, which was at 5.8 per cent in March 2020 was placed at 6.1 per cent in the provisional estimates for June 2020."Â
To read the complete statement of RBI , CLICK HEREÂ
Dated 06.08.2020  :  Mr Shaktikantha Das , Governor of Reserve Bank of India , has voiced concerns over the state of Indian economy , in the bi-monthly meeting MPC ( Monetary Policy Committee ) meeting held during first week of this month . RBI expects contraction of Indian Economy during the first half year of the current financial year 2020-21.  Further he expects Inflation to continue at higher levels during the second quarter of the year .Â
ECONOMIC GROWTH ON CONTRACTION :
The committee noted  " The pace of contraction of industrial production, measured by the index of industrial production (IIP), moderated to (-) 34.7 per cent in May from (-) 57.6 per cent a month ago, with the easing of lockdowns in different parts of the country. All manufacturing sub-sectors, except pharmaceuticals, remained in negative territory. The output of core industries in June contracted for the fourth successive month though with a considerable moderation. The Reserve Bank’s business assessment index (BAI) for Q1:2020-21 hit its lowest mark in the survey’s history. The manufacturing PMI remained in contraction, shrinking further to 46.0 in July from 47.2 in the preceding month. "Â
RBI expected real GDP growth to be negative, for the year 2020-21, as a whole.  RBI hoped that  early containment of the COVID-19 pandemic may impart an upside to the outlook. But more protracted spread of the pandemic, deviations from the forecast of a normal monsoon and global financial market volatility are the key downside risks.
 INFLATION ON RISE :Â
 The committee  took note of   sharp upward revision of food inflation for the month of April and May. During Q1:2020-21 food inflation moderated from 10.5 per cent in April to 7.3 per cent in June 2020.   Further it observed that "Fuel inflation edged up as international kerosene and LPG prices firmed up. Inflation excluding food and fuel was at 5.4 per cent in June, reflecting a spike in prices across most sub-groups. Inflation in transport and communication, personal care and effects, pan-tobacco and education registered significant increases in June. Headline CPI inflation, which was at 5.8 per cent in March 2020 was placed at 6.1 per cent in the provisional estimates for June 2020."Â
To read the complete statement of RBI , CLICK HEREÂ
FITCH DOWNGRADES INDIAN OUTLOOK
FITCHÂ REVISESÂ Â INDIAÂ ' S OUTLOOK TO NEGATIVEÂ Â AND EXPECTS INDIA TO CONTRACT BY 5 %Â
Dated 18.06.2020  : International Credit rating agency M/S Fitch Ratings has today revised the Outlook on India's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the rating at 'BBB-'.
 As per Fitch , the coronavirus pandemic has significantly weakened India's growth outlook for this year and exposed the challenges associated with a high public-debt burden. Fitch expects economic activity to contract by 5% in the fiscal year ending March 2021 (FY21) from the strict lockdown measures imposed since 25 March 2020,
However silver-lining is  that Fitch Report sees  Indian economy to rebound   by 9.5% in FY22. The rebound is expected due to a low-base effect.  Fitch says that  forecasts are subject to considerable risks due to the continued acceleration in the number of new COVID-19 cases as the lockdown is eased gradually. Â
Further Fitch says  " Fiscal metrics have deteriorated significantly, notwithstanding the government's expenditure restraint, due to the impact of the severe growth slowdown on revenue, the fiscal deficit and public-sector debt ratios. Fitch expects general government debt to jump to 84.5% of GDP in FY21 from an estimated 71.0% of GDP in FY20. This is significantly higher than the median of 42.2% of GDP for the 'BBB' category in 2019, to which FY20 corresponds, and 52.6% for 2020. The medium-term fiscal outlook is of particular importance from a rating perspective, but is subject to great uncertainty and will depend on the level of GDP growth and the government's policy intentions. "Â
​For complete Fitch Report , visit Fitch websiteÂ
MOODY'S DOWNGRADES INDIA'S RATINGS
MOODY'S DOWNGRADES INDIA'SÂ Â RATINGSÂ :
Dated 02.06.2020 :   Moody's Investors Service ("Moody's") has yesterday downgraded the Government of India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. Moody's has also downgraded India's local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2. The outlook remains negative. Â
 Rating Baa3 is the lowest rating in the investment grade and a notch better than the junk .Â
The decision to downgrade India's ratings reflects Moody's view that the Indian Government  may face difficulties in improving the growth rate  It also fears that fiscal position of India may deteriorate effecting the financial sector.
The negative outlook reflects downside risks from for the economy and financial system that could lead to a more severe and prolonged erosion in fiscal strength .
Moody's also lowered India's long-term foreign-currency bond and bank deposit ceilings to Baa2 and Baa3, from Baa1 and Baa2, respectively. The short-term foreign-currency bond ceiling remains unchanged at Prime-2, and the short-term foreign-currency bank deposit ceiling was lowered to Prime-3 from Prime-2. The long-term local currency bond and bank deposit ceilings were lowered to A2 from A1. Â
 The credit rating agency expects that the longer term, growth rates of India are likely to be lower than in the past, due to persistent weak private sector investment, tepid job creation and an impaired financial system. In turn, a prolonged period of slower growth may dampen the pace of improvements in living standards that would help support sustained higher investment growth and consumption.
 Further Moody's does not expect that the recent stimulus measures taken by the government will durably restore real GDP growth to rates around 8%, which had seemed within reach just a few years ago.
Dated 02.06.2020 :   Moody's Investors Service ("Moody's") has yesterday downgraded the Government of India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. Moody's has also downgraded India's local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2. The outlook remains negative. Â
 Rating Baa3 is the lowest rating in the investment grade and a notch better than the junk .Â
The decision to downgrade India's ratings reflects Moody's view that the Indian Government  may face difficulties in improving the growth rate  It also fears that fiscal position of India may deteriorate effecting the financial sector.
The negative outlook reflects downside risks from for the economy and financial system that could lead to a more severe and prolonged erosion in fiscal strength .
Moody's also lowered India's long-term foreign-currency bond and bank deposit ceilings to Baa2 and Baa3, from Baa1 and Baa2, respectively. The short-term foreign-currency bond ceiling remains unchanged at Prime-2, and the short-term foreign-currency bank deposit ceiling was lowered to Prime-3 from Prime-2. The long-term local currency bond and bank deposit ceilings were lowered to A2 from A1. Â
 The credit rating agency expects that the longer term, growth rates of India are likely to be lower than in the past, due to persistent weak private sector investment, tepid job creation and an impaired financial system. In turn, a prolonged period of slower growth may dampen the pace of improvements in living standards that would help support sustained higher investment growth and consumption.
 Further Moody's does not expect that the recent stimulus measures taken by the government will durably restore real GDP growth to rates around 8%, which had seemed within reach just a few years ago.
GDP GROWTHÂ Â Â ATÂ Â 3.1 %Â %Â INÂ Q4Â OF THE YEAR 2019-20Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 29.05.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   March  2020 ( Q4 ) has further slipped to 3.1 %   from  4.1 % ( Revised ) of the earlier quarter Q3 of 2019-20 ( ending  December 2019 )  .  It is the lowest quarterly growth in  recent years . Â
 The press report says "GDP at Constant (2011-12) Prices in Q4 of 2019-20 is estimated at ₹ 38.04 lakh crore, as against ₹ 36.90 lakh crore in Q4 of 2018-19, showing a growth of 3.1 percent .   " Â
 GDP GROWTH  AT 4.2 % FOR THE COMPLETE YEAR 2019-20Â
Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-  20 is now estimated to attain a level of ₹ 145.66 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of ₹ 139.81 lakh crore, released on 31st January 2020. The growth in GDP during 2019-20 is estimated at 4.2 percent as compared to 6.1 percent in 2018-19.  The growth is lowest  in the alst 11 years .Â
Further the quarterly estimates  for earlier quarters  is revised downward . Now Q1 Growth estimated at 5.2 %( earlier at 5.6 % ),  Q2 Growth estimated at  4.4 %( earlier at 5.1 ) and  and Q3 Growth estimated at  4.41 %( earlier at 4.7  % )Â
​To read the complete report , CLICK HEREÂ
DATED 29.05.2020 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   March  2020 ( Q4 ) has further slipped to 3.1 %   from  4.1 % ( Revised ) of the earlier quarter Q3 of 2019-20 ( ending  December 2019 )  .  It is the lowest quarterly growth in  recent years . Â
 The press report says "GDP at Constant (2011-12) Prices in Q4 of 2019-20 is estimated at ₹ 38.04 lakh crore, as against ₹ 36.90 lakh crore in Q4 of 2018-19, showing a growth of 3.1 percent .   " Â
 GDP GROWTH  AT 4.2 % FOR THE COMPLETE YEAR 2019-20Â
Real GDP or Gross Domestic Product (GDP) at Constant (2011-12) Prices in the year 2019-  20 is now estimated to attain a level of ₹ 145.66 lakh crore, as against the First Revised Estimate of GDP for the year 2018-19 of ₹ 139.81 lakh crore, released on 31st January 2020. The growth in GDP during 2019-20 is estimated at 4.2 percent as compared to 6.1 percent in 2018-19.  The growth is lowest  in the alst 11 years .Â
Further the quarterly estimates  for earlier quarters  is revised downward . Now Q1 Growth estimated at 5.2 %( earlier at 5.6 % ),  Q2 Growth estimated at  4.4 %( earlier at 5.1 ) and  and Q3 Growth estimated at  4.41 %( earlier at 4.7  % )Â
​To read the complete report , CLICK HEREÂ
FITCHÂ FORECASTSÂ NEGATIVEÂ GROWTH FORÂ INDIAÂ Â
Dated 27.05.2020  : International Credit rating agency M/S Fitch Ratings , in their Global Economic report published  yesterday ,  have a forecast  of  contract of Indian economy by 5 %  in the current fiscal year 2020-21 .  It is a drastic change in their forecast  as they had earlier  estimated a  nominal growth of 0.8 % in their April report  .  Though the current report has cut growth forecasts for various countries , the  cut in India's growth is the highest compared with their April report .Â
 The report forecasts China 's growth to be 0.7 % , same as expected in April report  . Most of the other economies are expected to shrink by 5% to 10 % .  ( USA -5.6 % , Japan - 5% , Russia -5% , Brazil -6% , Italy -8 % , , France - 9% , Italy - 9.6 %  )Â
However silver-lining is  that  Fitch sees world  recession bottoming out shortly .Â
Dated 27.05.2020  : International Credit rating agency M/S Fitch Ratings , in their Global Economic report published  yesterday ,  have a forecast  of  contract of Indian economy by 5 %  in the current fiscal year 2020-21 .  It is a drastic change in their forecast  as they had earlier  estimated a  nominal growth of 0.8 % in their April report  .  Though the current report has cut growth forecasts for various countries , the  cut in India's growth is the highest compared with their April report .Â
 The report forecasts China 's growth to be 0.7 % , same as expected in April report  . Most of the other economies are expected to shrink by 5% to 10 % .  ( USA -5.6 % , Japan - 5% , Russia -5% , Brazil -6% , Italy -8 % , , France - 9% , Italy - 9.6 %  )Â
However silver-lining is  that  Fitch sees world  recession bottoming out shortly .Â
ATMA NIRBHAR BHARAT ABHIYAN
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 ECONOMIC STIMULUS PACKAGE FOR RS 2 MILLION CRORES : PM Â
DATED 12.05.2020 :    Today , in a national address , Prime Minister Mr Narendra Modi announced a new stimulus economic package of Rs 20 Lakh Crores  to fight the economic downturn the country is facing . He also called for self reliance to promote Indian products . The details of the package called " Atmanirbhar Bharat Abhiyan " will be announced in next one week by the Finance Minister Ms Nirmala Sitharaman .  The quantum of stimulus works out out around 10 % of Indian GDP . ​ He also talked about Lockdown 4.0  , details of which will be announced before 18th of this month |
INDUSTRIAL PRODUCTIONÂ Â SHRINKSÂ Â RECORD LOWÂ INÂ Â MARCHÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 12.05.2020 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shrunk 16.7 %  in the month of March  2020 compared with the corresponding month of previous year ( March  2019 ) . The cumulative growth for the financial year from April 2019 to March 2020 stands Negative 0.7 % compared with the same period previous year  ( April 18 to March 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 120.1  for the month of March 2019  against  144.1  in  March 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.05.2020 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shrunk 16.7 %  in the month of March  2020 compared with the corresponding month of previous year ( March  2019 ) . The cumulative growth for the financial year from April 2019 to March 2020 stands Negative 0.7 % compared with the same period previous year  ( April 18 to March 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 120.1  for the month of March 2019  against  144.1  in  March 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ Â MODERATES TOÂ 5.91Â %Â Â INÂ MARCHÂ 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.04.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 5.91 % ( provisional ) in  March 2020 compared to the figure of 6.58 % ( final ) of previous month  February 2020  . But CPI for  March   2020 is  much higher than the  last year CPI  of  2.86  % for  March   2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​
DATED 14.04.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 5.91 % ( provisional ) in  March 2020 compared to the figure of 6.58 % ( final ) of previous month  February 2020  . But CPI for  March   2020 is  much higher than the  last year CPI  of  2.86  % for  March   2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​​
INDUSTRIAL PRODUCTIONÂ Â GROWS ATÂ 4.5 %Â INÂ Â FEBRUARYÂ Â 2020:Â STATISTICAL MINISTRYÂ Â Â
DATED 12.04.2020 :     According to press release of  Department of Statistics , Government of India released on 09.04.2020 , Index of Industrial Production ( IIP )  has  a growth of 4.5 %   in the month of February  2020 compared with the corresponding month of previous year ( February  2019 ) . The cumulative growth for the financial year from April 2019 to February 2020 stands at 0.9 % compared with the same period previous year  ( April 18 to February 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 133.3  for the month of February 2020  against  127.6  in  February 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.04.2020 :     According to press release of  Department of Statistics , Government of India released on 09.04.2020 , Index of Industrial Production ( IIP )  has  a growth of 4.5 %   in the month of February  2020 compared with the corresponding month of previous year ( February  2019 ) . The cumulative growth for the financial year from April 2019 to February 2020 stands at 0.9 % compared with the same period previous year  ( April 18 to February 2019 ) .Â
​
The quick estimate of  IIP with base 2011-12 stood at 133.3  for the month of February 2020  against  127.6  in  February 2019  .
To read the Press Release of the ministry ,  CLICK HERE ​
MOODY'S DOWNGRADES INDIA'SÂ Â GROWTH AND PREDICTS GLOBALÂ RECESSIONÂ Â :
Dated 29.03.2020 :  M/S Moody's Investor Services drastically cut  India's  Growth prospectus for the year 2020 to 2.5 %   while predicting Global growth to be negative to the extent of 0.5 %  .Â
​Moody's expects phenomenal unprecedented  shock to global economy in the year 2020 by the pandemic Covid-19 . However it expects India as well as the world to recover from the shock in 2021 . Hence it expects  a turnaround in global economy in 2021 with a growth expectation of 3.2 % . Similarly it expects Indian economy to grow robustly by 5.8 % in 2021 .Â
Dated 29.03.2020 :  M/S Moody's Investor Services drastically cut  India's  Growth prospectus for the year 2020 to 2.5 %   while predicting Global growth to be negative to the extent of 0.5 %  .Â
​Moody's expects phenomenal unprecedented  shock to global economy in the year 2020 by the pandemic Covid-19 . However it expects India as well as the world to recover from the shock in 2021 . Hence it expects  a turnaround in global economy in 2021 with a growth expectation of 3.2 % . Similarly it expects Indian economy to grow robustly by 5.8 % in 2021 .Â
FM ANNOUNCESÂ ECONOMIC PACKAGE OF RS 1.7 LAKH CRORESÂ FOR THE POOR AND THE FARMERSÂ
Dated 26.03.2020 :  In view of the present scenario unfolding in India in the wake of  spread of pandemic  , Finance Minister Ms Nirmala Sitharaman announced various measures  to help the poor , women , farmers and marginalized section of the society .   The economic relief package is expected to cost the exchequer Rs 1.7 lakh crores . The relief includesÂ
1. Rs 50 lakhs insurance to health care  sanitation workers, ASHA workers, doctors, nurses, paramedics who are the frontline warriors  against the pandemic .Â
2. 5 kg of rice / wheat to 80 crore people .Â
3. An ex-gratia amount of Rs 1, 000 for senior citizens and widowsÂ
4. Wage rate increase under MNERGA scheme from Rs 182 to Rs 202 .Â
5. Women Jan dhan account holders to ger Rs 500 per month for 3Â months .Â
6. Free LPG Cylinders for next 3 months under Ujjawala schemeÂ
7. EPF contribution both of the employer and the employee put together 24% for next three months for those establishments with up to 100 employees, 90% of them earning less than Rs 15,000.
Please view the youtube above to hear FM'S speechÂ
Dated 26.03.2020 :  In view of the present scenario unfolding in India in the wake of  spread of pandemic  , Finance Minister Ms Nirmala Sitharaman announced various measures  to help the poor , women , farmers and marginalized section of the society .   The economic relief package is expected to cost the exchequer Rs 1.7 lakh crores . The relief includesÂ
1. Rs 50 lakhs insurance to health care  sanitation workers, ASHA workers, doctors, nurses, paramedics who are the frontline warriors  against the pandemic .Â
2. 5 kg of rice / wheat to 80 crore people .Â
3. An ex-gratia amount of Rs 1, 000 for senior citizens and widowsÂ
4. Wage rate increase under MNERGA scheme from Rs 182 to Rs 202 .Â
5. Women Jan dhan account holders to ger Rs 500 per month for 3Â months .Â
6. Free LPG Cylinders for next 3 months under Ujjawala schemeÂ
7. EPF contribution both of the employer and the employee put together 24% for next three months for those establishments with up to 100 employees, 90% of them earning less than Rs 15,000.
Please view the youtube above to hear FM'S speechÂ
RETAIL INFLATIONÂ Â MODERATES TOÂ 6.58Â %Â Â INÂ FEBRUARYÂ Â 2020 :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 12.03.2020 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 6.58 % ( provisional ) in  February  2020 compared to the figure of 7.59% ( final ) of previous month  January 2020  . But CPI for  February   2020 is  much higher than the  last year CPI  of  2.57  % for  February  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​
DATED 12.03.2020 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  moderated  to 6.58 % ( provisional ) in  February  2020 compared to the figure of 7.59% ( final ) of previous month  January 2020  . But CPI for  February   2020 is  much higher than the  last year CPI  of  2.57  % for  February  2019 . The rate is also  higher than the midterm range of 4 % set by Reserve Bank of India . Â
To read the Press Release of the ministry ,   CLICK HERE  ​​
INDUSTRIAL PRODUCTIONÂ Â TURNSÂ NEGATIVEÂ AGAINÂ Â INÂ Â DECEMBERÂ 2019Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 13.02.2020 :     According to press release of  Department of Statistics , Government of India released yesterday , Index of Industrial Production ( IIP )  has turned negative again with 0.3 %  contraction   in the month of December  2019 compared with the corresponding month of previous year ( December 2018 ) . The cumulative growth for the financial year from April to December 19 stands at 0.5 % compared with the same period previous year  ( April 18 to December 2018 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 , 4.3 % in September 2019 and 3.8% in October 2019 and turned positive in November 2019 by 1.8 % growth .Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of December 2019 was at 133.5  against  133.9  in  December 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.02.2020 :     According to press release of  Department of Statistics , Government of India released yesterday , Index of Industrial Production ( IIP )  has turned negative again with 0.3 %  contraction   in the month of December  2019 compared with the corresponding month of previous year ( December 2018 ) . The cumulative growth for the financial year from April to December 19 stands at 0.5 % compared with the same period previous year  ( April 18 to December 2018 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 , 4.3 % in September 2019 and 3.8% in October 2019 and turned positive in November 2019 by 1.8 % growth .Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of December 2019 was at 133.5  against  133.9  in  December 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
GDP GROWTHÂ Â REVISED LOWERÂ TOÂ Â 6.1Â %Â FORÂ THE YEAR 2018-19Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 31.01.2020 :       According to press release of  Department of Statistics , Government of India  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) for the financial year 2018-19 is revised  to 6.1 % from the earlier estimated growth rate of 6.8 % . Further The GDP growth for the year fy 2017-18 is now pegged to 7 % onlyÂ
 The press report says " Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at ₹  139.81 lakh crore and ₹ 131.75 lakh crore, respectively, showing growth of 6.1 per cent during 2018-19 and 7.0 per cent during 2017-18.  " Â
​To read complete press report  , CLICK HEREÂ
DATED 31.01.2020 :       According to press release of  Department of Statistics , Government of India  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) for the financial year 2018-19 is revised  to 6.1 % from the earlier estimated growth rate of 6.8 % . Further The GDP growth for the year fy 2017-18 is now pegged to 7 % onlyÂ
 The press report says " Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at ₹  139.81 lakh crore and ₹ 131.75 lakh crore, respectively, showing growth of 6.1 per cent during 2018-19 and 7.0 per cent during 2017-18.  " Â
​To read complete press report  , CLICK HEREÂ
RETAIL INFLATIONÂ SPIKESÂ TOÂ Â 6 YEARSÂ HIGH AT 7.35 %Â Â INÂ Â DECEMBERÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.01.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 7.35 % ( provisional ) in December  2019 compared to the figure of 5.54 % ( final ) of previous month  November 2019  .  CPI for December  2019 is  also much higher than the  last year CPI  of  2.11 % for  December  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India . Â
CPI has reached 6 years peak in December 2019 and it has breached for the first time since July 2016  the range of
2 % to 6 %Â set by RBIÂ
To read the Press Release of the ministry ,   CLICK HERE  ​
DATED 14.01.2020 :       According to press release of  Department of Statistics , Government of India released  yesterday  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 7.35 % ( provisional ) in December  2019 compared to the figure of 5.54 % ( final ) of previous month  November 2019  .  CPI for December  2019 is  also much higher than the  last year CPI  of  2.11 % for  December  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India . Â
CPI has reached 6 years peak in December 2019 and it has breached for the first time since July 2016  the range of
2 % to 6 %Â set by RBIÂ
To read the Press Release of the ministry ,   CLICK HERE  ​
INDUSTRIAL PRODUCTIONÂ Â HAS TURNED POSITIVEÂ Â Â INÂ Â NOVEMBERÂ 2019Â Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 11.01.2020 :     According to press release of  Department of Statistics , Government of India released yesterday , Index of Industrial Production ( IIP )  has shown  growth of 1.8 %  for the month of November  2019 compared with the corresponding month of previous year ( November 2018 ) . The cumulative growth for the financial year from April to November  19 stands at 0.6 % compared with the same period previous year  ( April 18 to November 2018 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 , 4.3 % in September 2019 and 3.8% in October 2019 .Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of November 2019 was at 128.4  against  126.1  in  November 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 11.01.2020 :     According to press release of  Department of Statistics , Government of India released yesterday , Index of Industrial Production ( IIP )  has shown  growth of 1.8 %  for the month of November  2019 compared with the corresponding month of previous year ( November 2018 ) . The cumulative growth for the financial year from April to November  19 stands at 0.6 % compared with the same period previous year  ( April 18 to November 2018 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 , 4.3 % in September 2019 and 3.8% in October 2019 .Â
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of November 2019 was at 128.4  against  126.1  in  November 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
FITCHÂ FURTHERÂ CUTSÂ Â INDIANÂ GROWTH FORECASTÂ AND EXPECTS FURTHERÂ RATE CUTSÂ Â :Â Â
Dated 21.12.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published on 20.12.2019 ,  cut their growth forecast for India , fourth  time in the year ,  to 4.6 % from earlier estimated 5.5 % for the year April 2019 to March 20  .  Further they cut the growth forecast to 5.6 %  for  Fy 20-21 ( Earlier forecast was 6.2 % ) . Fitch also pegged the growth rate to 6.5 % for Fy 2021- 22 . Â
However they affirmed India Rating at ' BBB- ' Outlook Stable as the present growth   is still higher than the 'BBB' median of 2.8%
Fitch press release states " India's rating balances a still strong medium-term growth outlook compared with 'BBB' category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita  . " Â
Fitch expects the Reserve Bank of India (RBI) to cut its policy rate by another 65bp in 2020, after a cumulative 135bp easing since February 2019. Fitch also thinks that the uptick in inflation to 5.5% yoy in November appears to reflect a temporary spike in food inflation, while pressure on core inflation, which remained stable at 3.5%, seems limited in the current environment .Â
 Fitch feels that ( Indian ) Governance remains weak, as illustrated by a low score for the World Bank governance indicator . India's ranking on the United Nations Human Development Index  is also low at 32nd percentile versus the 'BBB' median of 67th percentile also indicates relatively low basic human development. Average per capita GDP also remains low, at USD2,102, compared with the 'BBB' range median of USD12,152.
​
It is to be noted that already credit agency Moody's , International Monetary Fund ( IMF ) , World Bank apart from India 's regulator Reserve Bank of India have also downed their forecast for Fy 2019-20 . Â
Dated 21.12.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published on 20.12.2019 ,  cut their growth forecast for India , fourth  time in the year ,  to 4.6 % from earlier estimated 5.5 % for the year April 2019 to March 20  .  Further they cut the growth forecast to 5.6 %  for  Fy 20-21 ( Earlier forecast was 6.2 % ) . Fitch also pegged the growth rate to 6.5 % for Fy 2021- 22 . Â
However they affirmed India Rating at ' BBB- ' Outlook Stable as the present growth   is still higher than the 'BBB' median of 2.8%
Fitch press release states " India's rating balances a still strong medium-term growth outlook compared with 'BBB' category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita  . " Â
Fitch expects the Reserve Bank of India (RBI) to cut its policy rate by another 65bp in 2020, after a cumulative 135bp easing since February 2019. Fitch also thinks that the uptick in inflation to 5.5% yoy in November appears to reflect a temporary spike in food inflation, while pressure on core inflation, which remained stable at 3.5%, seems limited in the current environment .Â
 Fitch feels that ( Indian ) Governance remains weak, as illustrated by a low score for the World Bank governance indicator . India's ranking on the United Nations Human Development Index  is also low at 32nd percentile versus the 'BBB' median of 67th percentile also indicates relatively low basic human development. Average per capita GDP also remains low, at USD2,102, compared with the 'BBB' range median of USD12,152.
​
It is to be noted that already credit agency Moody's , International Monetary Fund ( IMF ) , World Bank apart from India 's regulator Reserve Bank of India have also downed their forecast for Fy 2019-20 . Â
MOODY'SÂ Â LOWERSÂ Â INDIA'SÂ GROWTH FORECAST TO 4.9 %Â FOR FY 2019-20Â
Dated 17.12.2019 : International Credit rating agency M/S Moody's Investor Services lowered India' s Growth for the current year FY 2019-20 to 4.9% from 5.8 % predicted earlier .  It is reported that the decision of Moody's to lower the forecast  is based on  " constraints by weakening household consumption, weighing on credit quality" Â
​Further Moody's commented on status of present Indian economy as Â
 "What was once an investment-led slowdown has now broadened into weakening consumption, driven by financial stress among rural households on the back of stagnating agricultural wage growth and constrained productivity, as well as weak job creation due to rigid land and labor laws," Â
​
​ Another international Credit rating agency M/S Fitch Ratings had cut India's growth forecast for next three years in its October report .Â
Dated 17.12.2019 : International Credit rating agency M/S Moody's Investor Services lowered India' s Growth for the current year FY 2019-20 to 4.9% from 5.8 % predicted earlier .  It is reported that the decision of Moody's to lower the forecast  is based on  " constraints by weakening household consumption, weighing on credit quality" Â
​Further Moody's commented on status of present Indian economy as Â
 "What was once an investment-led slowdown has now broadened into weakening consumption, driven by financial stress among rural households on the back of stagnating agricultural wage growth and constrained productivity, as well as weak job creation due to rigid land and labor laws," Â
​
​ Another international Credit rating agency M/S Fitch Ratings had cut India's growth forecast for next three years in its October report .Â
INDUSTRIAL PRODUCTIONÂ Â IS NEGATIVEÂ Â INÂ Â OCTOBERÂ 2019Â TOOÂ :Â STATISTICAL MINISTRYÂ Â Â
DATED 12.12.2019 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shown a  negative  growth of 3.8 %  for the month of October  2019 compared with the corresponding month of previous year ( October  2018 ) . The cumulative growth for the financial year from April to October  19 stands at 0.5 % compared with the same period previous year  ( April 18 to October 18 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 and 4.3 % in September 2019
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of October 2019 against 132.8  at  October 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.12.2019 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shown a  negative  growth of 3.8 %  for the month of October  2019 compared with the corresponding month of previous year ( October  2018 ) . The cumulative growth for the financial year from April to October  19 stands at 0.5 % compared with the same period previous year  ( April 18 to October 18 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019 and 4.3 % in September 2019
​
The quick estimate of  IIP with base 2011-12 stood at 127.7  for the month of October 2019 against 132.8  at  October 2018 .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ SPIKESÂ TOÂ Â 3 YEARSÂ HIGH AT 5.54 %Â Â INÂ Â NOVEMBERÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 12.12.2019 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 5.54 % ( provisional ) in November  2019 compared to the figure of 4.62 % ( final ) of previous month  October 2019  .  CPI for November  2019 is  also much higher than the  last year CPI  of  2.33 % for  November  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India . Â
CPI has reached 40 months peak in November 2019 .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 12.12.2019 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 5.54 % ( provisional ) in November  2019 compared to the figure of 4.62 % ( final ) of previous month  October 2019  .  CPI for November  2019 is  also much higher than the  last year CPI  of  2.33 % for  November  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India . Â
CPI has reached 40 months peak in November 2019 .Â
To read the Press Release of the ministry ,   CLICK HERE Â
GDP GROWTHÂ Â SLIPS TOÂ 6 YEARS LOW ATÂ Â 4.5 %Â INÂ Q2Â OF THE YEAR 2019-20Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 29.11.2019 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   September  2019 ( Q2 ) has further slipped to 4.5 %   from 5.0 % of the earlier quarter Q1 of 2019-20 ( ending  June 2019 )  .  It is the lowest quarterly growth in last 26 quarters . Â
 The press report says " GDP at Constant (2011-12) Prices in Q2 of 2019-20 is estimated at `35.99 lakh crore, as against `34.43 lakh crore in Q2 of 2018-19, showing a growth rate of 4.5 percent. Quarterly GVA (Basic Price) at Constant (2011-2012) Prices for Q2 of 2019-20 is estimated at `33.16 lakh crore, as against `31.79 lakh crore in Q2 of 2018-19, showing a growth rate of 4.3 percent over the corresponding quarter of previous year.   " Â
​To read the complete report , CLICK HEREÂ
DATED 29.11.2019 :       According to today's press release of  Department of Statistics , Government of India   ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   September  2019 ( Q2 ) has further slipped to 4.5 %   from 5.0 % of the earlier quarter Q1 of 2019-20 ( ending  June 2019 )  .  It is the lowest quarterly growth in last 26 quarters . Â
 The press report says " GDP at Constant (2011-12) Prices in Q2 of 2019-20 is estimated at `35.99 lakh crore, as against `34.43 lakh crore in Q2 of 2018-19, showing a growth rate of 4.5 percent. Quarterly GVA (Basic Price) at Constant (2011-2012) Prices for Q2 of 2019-20 is estimated at `33.16 lakh crore, as against `31.79 lakh crore in Q2 of 2018-19, showing a growth rate of 4.3 percent over the corresponding quarter of previous year.   " Â
​To read the complete report , CLICK HEREÂ
 GOVERNMENT  TO  SELL  FIVE  PUBLIC SECTOR UNITS  : FINANCE MINISTER Â
21.11.2019 :  ​In a press conference held yesterday , Finance Minister Ms Nirmala Sitharaman announced the cabinet decision taken under the leadership of prime Minister Shri Narendra Modi  of strategic sale / disinvestment in Five Public Sector units including coveted Bharat Petroleum Corporation Limited ( BPCL ) and Shipping Corporation of India ( SCI ) . The other PSU include Container Corporation of India (  concor ) , Tehri Hydro Development Corporation of India . North Eastern Electric Power Corporation will be handed over to another PSU NTPC .Â
With the sale of companies along with management control , Government hopes to achieve its annual disinvestment target of Rs 1.05 lakh crore .Â
​
21.11.2019 :  ​In a press conference held yesterday , Finance Minister Ms Nirmala Sitharaman announced the cabinet decision taken under the leadership of prime Minister Shri Narendra Modi  of strategic sale / disinvestment in Five Public Sector units including coveted Bharat Petroleum Corporation Limited ( BPCL ) and Shipping Corporation of India ( SCI ) . The other PSU include Container Corporation of India (  concor ) , Tehri Hydro Development Corporation of India . North Eastern Electric Power Corporation will be handed over to another PSU NTPC .Â
With the sale of companies along with management control , Government hopes to achieve its annual disinvestment target of Rs 1.05 lakh crore .Â
​
RETAIL INFLATIONÂ SPIKES UPÂ TOÂ 4.62 %Â Â INÂ Â OCTOBERÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.11.2019 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 4.62 % ( provisional ) in October  2019 compared to the figure of 3.99 % ( final ) of previous month  September 2019  .  CPI for October  2019 is  also higher than the  last year CPI  of  3.38 % for  October  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 13.11.2019 :       According to press release of  Department of Statistics , Government of India released  today  , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 4.62 % ( provisional ) in October  2019 compared to the figure of 3.99 % ( final ) of previous month  September 2019  .  CPI for October  2019 is  also higher than the  last year CPI  of  3.38 % for  October  2018 . The rate is now higher than the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â IS NEGATIVEÂ Â INÂ Â SEPTEMBERÂ 2019Â TOOÂ :Â STATISTICAL MINISTRYÂ Â Â
DATED 11.11.2019 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shown a  negative  growth of 4.3 %  for the month of September  2019 compared with the corresponding month of previous year ( September  2018 ) . The cumulative growth for the financial year from April to September  19 stands at 1.3 % compared with the same period previous year  ( April 18 to September 18 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019Â
​
The quick estimate of  IIP with base 2011-12 stood at 123.3  for the month of September 2019 against 128.8  at  September 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 11.11.2019 :     According to press release of  Department of Statistics , Government of India released today , Index of Industrial Production ( IIP )  has shown a  negative  growth of 4.3 %  for the month of September  2019 compared with the corresponding month of previous year ( September  2018 ) . The cumulative growth for the financial year from April to September  19 stands at 1.3 % compared with the same period previous year  ( April 18 to September 18 ) .Â
We may recall here that Industrial production had contracted by 1.1 % in August 2019Â
​
The quick estimate of  IIP with base 2011-12 stood at 123.3  for the month of September 2019 against 128.8  at  September 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
MOODY'S DOWNGRADES INDIA'SÂ OUTLOOK TO NEGATIVEÂ :
Dated 08.11.2019 : International Credit rating agency M/S Moody's Investor Services today downgraded India's sovereign long term rating to Baa2 outlook negative from existing Baa2 outlook stable .  . It is reported that the decision of Moody's to downgrade is based on expectation of " risk of lower economic growth " Â
​Further Moody's expect more entrenched slowdown and resultant increase of budget deficit . It statesÂ
 "Despite government measures to help reduce the depth and duration of India’s slowdown in economic growth, prolonged financial stress among rural households, weak job creation, and a credit crunch among non-bank financial institutions have increased the probability of a more entrenched slowdown. If nominal GDP growth does not return to higher rates, the government will face significant constraints in narrowing its budget deficit and preventing a rise in debt. "Â
​ Recently another international Credit rating agency M/S Fitch Ratings had cut India's growth forecast for next three yearsÂ
Dated 08.11.2019 : International Credit rating agency M/S Moody's Investor Services today downgraded India's sovereign long term rating to Baa2 outlook negative from existing Baa2 outlook stable .  . It is reported that the decision of Moody's to downgrade is based on expectation of " risk of lower economic growth " Â
​Further Moody's expect more entrenched slowdown and resultant increase of budget deficit . It statesÂ
 "Despite government measures to help reduce the depth and duration of India’s slowdown in economic growth, prolonged financial stress among rural households, weak job creation, and a credit crunch among non-bank financial institutions have increased the probability of a more entrenched slowdown. If nominal GDP growth does not return to higher rates, the government will face significant constraints in narrowing its budget deficit and preventing a rise in debt. "Â
​ Recently another international Credit rating agency M/S Fitch Ratings had cut India's growth forecast for next three yearsÂ
FITCHÂ FURTHERÂ CUTSÂ Â INDIANÂ GROWTH FORECASTÂ FOR THE NEXT THREE YEARSÂ :Â Â
Dated 25.10.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published on 23.10.2019 ,  cut their growth forecast for India , third time in the year ,  to 5.5 % from earlier estimated 6.6 % for the year April 2019 to March 20  .  Further they cut the growth forecast to 6.2 %  for  Fy 20-21 ( Earlier forecast was 7.1 % ) . Fitch also pegged the growth rate to 6.7 % for Fy 2021- 22 .Â
Fitch press release states "  The Indian economy decelerated for the fifth consecutive quarter in 2Q19, with GDP expanding by a meagre 5% yoy, down from 8% recorded a year earlier. This is the lowest growth out-turn since 2013. Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum. "Â
 Reason attributed by Fitch  for lowering their growth forecast is array of factors both global and local . It states "  an array of factors have contributed to the Indian slowdown - including a downturn in world trade - Fitch believes that the severe credit squeeze has taken a heavy toll. NBFCs have faced a severe tightening of funding conditions over the past year and a half. They have in turn sharply reduced the supply of credit to the commercial sector. The auto and real estate sectors have been particularly hit by NBFC credit rationing. Data from the Reserve Bank of India (RBI) show that the flow of new lending from non-bank sources was down 60% year on year between April and September.  " Â
It is to be noted that already credit agency Moody's , International Monetary Fund ( IMF ) , World Bank apart from India 's regulator Reserve Bank of India have also downed their forecast for Fy 2019-20 .Â
Dated 25.10.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published on 23.10.2019 ,  cut their growth forecast for India , third time in the year ,  to 5.5 % from earlier estimated 6.6 % for the year April 2019 to March 20  .  Further they cut the growth forecast to 6.2 %  for  Fy 20-21 ( Earlier forecast was 7.1 % ) . Fitch also pegged the growth rate to 6.7 % for Fy 2021- 22 .Â
Fitch press release states "  The Indian economy decelerated for the fifth consecutive quarter in 2Q19, with GDP expanding by a meagre 5% yoy, down from 8% recorded a year earlier. This is the lowest growth out-turn since 2013. Weakness has been fairly broad-based, with both domestic spending and external demand losing momentum. "Â
 Reason attributed by Fitch  for lowering their growth forecast is array of factors both global and local . It states "  an array of factors have contributed to the Indian slowdown - including a downturn in world trade - Fitch believes that the severe credit squeeze has taken a heavy toll. NBFCs have faced a severe tightening of funding conditions over the past year and a half. They have in turn sharply reduced the supply of credit to the commercial sector. The auto and real estate sectors have been particularly hit by NBFC credit rationing. Data from the Reserve Bank of India (RBI) show that the flow of new lending from non-bank sources was down 60% year on year between April and September.  " Â
It is to be noted that already credit agency Moody's , International Monetary Fund ( IMF ) , World Bank apart from India 's regulator Reserve Bank of India have also downed their forecast for Fy 2019-20 .Â
RETAIL INFLATIONÂ GOES UPÂ TOÂ 3.99 %Â Â INÂ Â SEPTEMBERÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 15.10.2019 :       According to press release of  Department of Statistics , Government of India released on 14.10.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.99 % ( provisional ) in September  2019 compared to the figure of 3.28 % ( final ) of previous month  August 2019  .  CPI for September  2019 is  also higher than the  last year CPI  of  3.70 % for  September  2018 . The rate is now around the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 15.10.2019 :       According to press release of  Department of Statistics , Government of India released on 14.10.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.99 % ( provisional ) in September  2019 compared to the figure of 3.28 % ( final ) of previous month  August 2019  .  CPI for September  2019 is  also higher than the  last year CPI  of  3.70 % for  September  2018 . The rate is now around the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â IS NEGATIVEÂ Â INÂ Â AUGUSTÂ Â 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 12.10.2019 :     According to press release of  Department of Statistics , Government of India released on 11.10.2019 , Index of Industrial Production ( IIP )  has shown a  negative  growth of 1.1 %  for the month of August  2019 compared with the corresponding month of previous year ( Auhust  2018 ) . The cumulative growth for the financial year from April to August  19 stands at 2.4 % compared with the same period previous year  ( April 18 to August 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 126.6  for the month of August  2019 against 128.0  at  August 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.10.2019 :     According to press release of  Department of Statistics , Government of India released on 11.10.2019 , Index of Industrial Production ( IIP )  has shown a  negative  growth of 1.1 %  for the month of August  2019 compared with the corresponding month of previous year ( Auhust  2018 ) . The cumulative growth for the financial year from April to August  19 stands at 2.4 % compared with the same period previous year  ( April 18 to August 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 126.6  for the month of August  2019 against 128.0  at  August 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ INCHES UPÂ TOÂ 3.21 %Â Â INÂ Â AUGUSTÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.09.2019 :       According to press release of  Department of Statistics , Government of India released on 12.09.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.21  % ( provisional ) in August 2019 compared to the figure of 3.15 % ( final ) of previous month  July  2019  .  CPI for August  2019 is  lower than the  last year CPI  of  3.69 % for  August   2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 14.09.2019 :       According to press release of  Department of Statistics , Government of India released on 12.09.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.21  % ( provisional ) in August 2019 compared to the figure of 3.15 % ( final ) of previous month  July  2019  .  CPI for August  2019 is  lower than the  last year CPI  of  3.69 % for  August   2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â GROWS ATÂ 4.3 %Â Â INÂ Â JULYÂ 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 14.09.2019 :     According to press release of  Department of Statistics , Government of India released on 12.09.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 4.3 %  for the month of July  2019 compared with the corresponding month of previous year ( July  2018 ) . The cumulative growth for the financial year from April to July 19 stands at 3.3 % compared with the same period previous year  ( April 18 to July 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 131.1  for the month of July 2019 against 125.7 at  July 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 14.09.2019 :     According to press release of  Department of Statistics , Government of India released on 12.09.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 4.3 %  for the month of July  2019 compared with the corresponding month of previous year ( July  2018 ) . The cumulative growth for the financial year from April to July 19 stands at 3.3 % compared with the same period previous year  ( April 18 to July 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 131.1  for the month of July 2019 against 125.7 at  July 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
GDP GROWTHÂ FURTHERÂ SLIPS TOÂ Â 5.0Â %Â INÂ Q1Â OF THE YEAR 2019-20Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 01.09.2019 :       According to press release of  Department of Statistics , Government of India dated 30.08.2019  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   June  2019 ( Q1 ) has further slipped to 5.0 %   from 5.8 % of the earlier quarter Q4 of 2018-19 ( ending March 2019 )  .  It is the lowest quarterly growth in recent years . Â
 The press report says " GDP at Constant (2011-12) Prices in Q1 of 2019-20 is estimated at ` 35.85 lakh crore, as  against ` 34.14 lakh crore in Q1 of 2018-19, showing a growth rate of 5.0 percent. Quarterly GVA at Basic Price at Constant (2011-12) Prices for Q1 of 2019-20 is estimated at ` 33.48 lakh crore, as against ` 31.90 lakh crore in Q1 of 2018-19, showing a growth rate of 4.9 percent over  the corresponding quarter of previous year.  " Â
​To read the complete report , CLICK HEREÂ
DATED 01.09.2019 :       According to press release of  Department of Statistics , Government of India dated 30.08.2019  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending   June  2019 ( Q1 ) has further slipped to 5.0 %   from 5.8 % of the earlier quarter Q4 of 2018-19 ( ending March 2019 )  .  It is the lowest quarterly growth in recent years . Â
 The press report says " GDP at Constant (2011-12) Prices in Q1 of 2019-20 is estimated at ` 35.85 lakh crore, as  against ` 34.14 lakh crore in Q1 of 2018-19, showing a growth rate of 5.0 percent. Quarterly GVA at Basic Price at Constant (2011-12) Prices for Q1 of 2019-20 is estimated at ` 33.48 lakh crore, as against ` 31.90 lakh crore in Q1 of 2018-19, showing a growth rate of 4.9 percent over  the corresponding quarter of previous year.  " Â
​To read the complete report , CLICK HEREÂ
INDUSTRIAL PRODUCTIONÂ Â GROWS ATÂ 2%Â Â INÂ Â JUNEÂ 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 10.08.2019 :     According to press release of  Department of Statistics , Government of India released on 09.08.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 2 % , a four month low ,  for the month of June  2019 compared with the corresponding month of previous year ( June  2018 ) . The cumulative growth for the financial year from April to June 19 stands at 3.6 % compared with the same period previous year  ( April 18 to June 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 130.2  for the month of June 2019 against 127.7 at  June 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 10.08.2019 :     According to press release of  Department of Statistics , Government of India released on 09.08.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 2 % , a four month low ,  for the month of June  2019 compared with the corresponding month of previous year ( June  2018 ) . The cumulative growth for the financial year from April to June 19 stands at 3.6 % compared with the same period previous year  ( April 18 to June 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 130.2  for the month of June 2019 against 127.7 at  June 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ FURTHERÂ Â CLIMBS TOÂ 3.18 %Â Â INÂ Â JUNEÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.07.2019 :       According to press release of  Department of Statistics , Government of India released on 12.07.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.18  % ( provisional ) in June 2019 compared to the figure of 3.05 % ( final ) of previous month  May  2019  .  CPI for June  2019 is  lower than the  last year CPI  of  4.92 % for  June  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 13.07.2019 :       According to press release of  Department of Statistics , Government of India released on 12.07.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.18  % ( provisional ) in June 2019 compared to the figure of 3.05 % ( final ) of previous month  May  2019  .  CPI for June  2019 is  lower than the  last year CPI  of  4.92 % for  June  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â GROWS AT 3.1%Â Â INÂ Â MAYÂ 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 13.07.2019 :     According to press release of  Department of Statistics , Government of India released on 12.07.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 3.1 %  for the month of May 2019 compared with the corresponding month of previous year ( May 2018 ) . The cumulative growth for the financial year from April to May 19 stands at 3.7 % compared with the same period previous year  ( April 18 to May 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 133.6  for the month of May 2019 against 129.6 at  May 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.07.2019 :     According to press release of  Department of Statistics , Government of India released on 12.07.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 3.1 %  for the month of May 2019 compared with the corresponding month of previous year ( May 2018 ) . The cumulative growth for the financial year from April to May 19 stands at 3.7 % compared with the same period previous year  ( April 18 to May 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 133.6  for the month of May 2019 against 129.6 at  May 18 .
To read the Press Release of the ministry ,  CLICK HERE ​
 ECONOMIC SURVEY PEGS GDP GROWTH FOR FY 19-20 AT 7 % Â
Dated 04.07.2019 :  Today the Finance Minister Ms Nirmala Sitharaman  tabled the Economic Survey conducted for the previous year 2018-19  wherein GDP Growth for FY 19-20 is pegged at 7 % . The survey states that a growth of 8 % per year  is needed to become $ 5 Trillion economy by 2025 .Â
 The highlights of the survey areÂ
 1. The survey pegs fiscal deficit for FY2018-19  at 3.4%Â
 2. General fiscal deficit is pegged at 5.8% for fy 18-19 compared with 6.4 % in the previous year Â
 3 . GDP Growth   for FY 18-19 is estimated at 6.8 %Â
 4. Direct Taxes have grown at 13.4 % while Indirect taxes have fallen short of estimates by 16 % Â
​ 5. Need to shift the gear of economy to go in for higher growthÂ
6. Slowdown in economy in last quarter of FY 18-19 due to electionsÂ
7. NBFC stress is the reason for slowdown of FY 18-19Â
8. The Economic Survey is guided by " Blue Sky Thinking "Â
​The Chief Economic Advisor Mr  Krishnamurthy Subramanian , while releasing the survey ,  has praised the government  for opening up several pathways  for trickling -down the benefits of growth to reach the bottom of the pyramid .Â
To read  Complete Economic Survey  , CLICK HERE
INDIAN ECONOMIC GROWTHÂ Â SLOWING DOWNÂ :Â Â RBI GOVERNOR AND OTHER MEMBERSÂ
Dated 21.06.2019 :  Mr Shaktikantha Das , Governor of Reserve Bank of India , has voiced concerns , in the bi-monthly meeting MPC ( Monetary Policy Committee ) meeting held during first week of this month , over the slowing economic growth in recent quarters of the year .Â
 His statement says " There is clear evidence of economic activity losing traction, with the GDP growth in Q4:2018-19 slowing down to 5.8 per cent. CPI inflation excluding food and fuel registered a 20-month low in April 2019 even as the headline CPI inflation evolved broadly along the projected lines. High frequency indicators suggest that the global economy could not sustain the improved performance in Q1:2019 in the face of a sharp slowdown in trade and manufacturing. Consequently, central banks in both advanced and emerging market economies have adopted an accommodative stance in monetary policy. "
Similarly another committee member Dr V.V.Acharya stated "  I concluded that the mixed picture on economic growth has morphed into one where at least some aspects have weakened considerably over the past two quarters. "
Dr. Michael Debabrata Patra , yet another member  submitted to the committee "  . I would submit that all this highlights the deterioration in the outlook for the economy in the year ahead. The recently released estimates of national income for Q4 2018-19 confirm the weakening of economic activity " Â
     The MPC  in their statement noted " growth impulses have weakened significantly as reflected in a further widening of the output gap compared to the April 2019 policy. A sharp slowdown in investment activity along with a continuing moderation in private consumption growth is a matter of concern. The headline inflation trajectory remains below the target mandated to the MPC even after taking into account the expected transmission of the past two policy rate cuts. Hence, there is scope for the MPC to accommodate growth concerns by supporting efforts to boost aggregate demand, and in particular, reinvigorate private investment activity, while remaining consistent with its flexible inflation targeting mandate.  " Â
Against this backdrop of opinions ,  all members of the MPC (Dr. Chetan Ghate, Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Michael Debabrata Patra, Dr. Viral V. Acharya and Shri Shaktikanta Das) unanimously decided to reduce the policy repo rate by 25 basis points and change the stance of monetary policy from neutral to accommodative. Â
 To read the complete minutes of the meeting , CLICK HEREÂ
Dated 21.06.2019 :  Mr Shaktikantha Das , Governor of Reserve Bank of India , has voiced concerns , in the bi-monthly meeting MPC ( Monetary Policy Committee ) meeting held during first week of this month , over the slowing economic growth in recent quarters of the year .Â
 His statement says " There is clear evidence of economic activity losing traction, with the GDP growth in Q4:2018-19 slowing down to 5.8 per cent. CPI inflation excluding food and fuel registered a 20-month low in April 2019 even as the headline CPI inflation evolved broadly along the projected lines. High frequency indicators suggest that the global economy could not sustain the improved performance in Q1:2019 in the face of a sharp slowdown in trade and manufacturing. Consequently, central banks in both advanced and emerging market economies have adopted an accommodative stance in monetary policy. "
Similarly another committee member Dr V.V.Acharya stated "  I concluded that the mixed picture on economic growth has morphed into one where at least some aspects have weakened considerably over the past two quarters. "
Dr. Michael Debabrata Patra , yet another member  submitted to the committee "  . I would submit that all this highlights the deterioration in the outlook for the economy in the year ahead. The recently released estimates of national income for Q4 2018-19 confirm the weakening of economic activity " Â
     The MPC  in their statement noted " growth impulses have weakened significantly as reflected in a further widening of the output gap compared to the April 2019 policy. A sharp slowdown in investment activity along with a continuing moderation in private consumption growth is a matter of concern. The headline inflation trajectory remains below the target mandated to the MPC even after taking into account the expected transmission of the past two policy rate cuts. Hence, there is scope for the MPC to accommodate growth concerns by supporting efforts to boost aggregate demand, and in particular, reinvigorate private investment activity, while remaining consistent with its flexible inflation targeting mandate.  " Â
Against this backdrop of opinions ,  all members of the MPC (Dr. Chetan Ghate, Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Michael Debabrata Patra, Dr. Viral V. Acharya and Shri Shaktikanta Das) unanimously decided to reduce the policy repo rate by 25 basis points and change the stance of monetary policy from neutral to accommodative. Â
 To read the complete minutes of the meeting , CLICK HEREÂ
FITCHÂ FURTHERÂ CUTSÂ Â INDIANÂ GROWTH FORECASTÂ AND PREDICTSÂ ONE MORE RATE CUT IN 2019 :Â Â
Dated 17.06.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published today ,  cut their growth forecast for India , second time in the year ,  to 6.6 % from earlier estimated 6.8 % for the year April 2019 to March 20  .  Still according to them ,  a growth of 7.1 %  is possible possible in Fy 20-21 .Â
Fitch opines that GDP growth in India softened to 5.8 % in Jan 19- Mar 19 quarter due to activities cooling in manufacturing sector  and to lesser extent in agriculture sector . It further states :" This is the lowest growth outturn in five years. " Â
Rating agency also forecastsÂ
​ " Muted food price inflation has weighed on farmers’ income and production. The contribution of agricultural output to gross value added yoy growth has declined from 1pp in 1Q18 to zero in 1Q19, while food inflation has plummeted from 6.5% yoy to -0.1% yoy. In addition, lower lending by non-bank financial companies has weighed on growth in infrastructure and consumption, even though banks have partially compensated by ramping up their lending to the private sector.
In the face of weak growth momentum and contained inflation, the Reserve Bank of India (RBI) proceeded with a 25bp rate cut in its June meeting – the third cut so far this year. We expect another 25bp cut later in 2019, which will push the policy repo rate down to 5.50%.
​Monetary and regulatory easing from the RBI, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse. Food inflation has already started to pick back up (at 2% yoy in May) and the government has increased cash transfers to farmers in its latest budget, all of which should support rural households’ income and consumption. We see growth for FY 2019-2020 printing at 6.6%, before stepping up to 7.1% in FY 2020-2021 and 7.0% in FY 2021-2022 " .
Dated 17.06.2019 : International Credit rating agency M/S Fitch Ratings , in their special report published today ,  cut their growth forecast for India , second time in the year ,  to 6.6 % from earlier estimated 6.8 % for the year April 2019 to March 20  .  Still according to them ,  a growth of 7.1 %  is possible possible in Fy 20-21 .Â
Fitch opines that GDP growth in India softened to 5.8 % in Jan 19- Mar 19 quarter due to activities cooling in manufacturing sector  and to lesser extent in agriculture sector . It further states :" This is the lowest growth outturn in five years. " Â
Rating agency also forecastsÂ
​ " Muted food price inflation has weighed on farmers’ income and production. The contribution of agricultural output to gross value added yoy growth has declined from 1pp in 1Q18 to zero in 1Q19, while food inflation has plummeted from 6.5% yoy to -0.1% yoy. In addition, lower lending by non-bank financial companies has weighed on growth in infrastructure and consumption, even though banks have partially compensated by ramping up their lending to the private sector.
In the face of weak growth momentum and contained inflation, the Reserve Bank of India (RBI) proceeded with a 25bp rate cut in its June meeting – the third cut so far this year. We expect another 25bp cut later in 2019, which will push the policy repo rate down to 5.50%.
​Monetary and regulatory easing from the RBI, along with a recovery in portfolio inflows, should support a recovery in credit to the private sector and reverse the drag from the negative credit impulse. Food inflation has already started to pick back up (at 2% yoy in May) and the government has increased cash transfers to farmers in its latest budget, all of which should support rural households’ income and consumption. We see growth for FY 2019-2020 printing at 6.6%, before stepping up to 7.1% in FY 2020-2021 and 7.0% in FY 2021-2022 " .
INDUSTRIAL PRODUCTIONÂ Â GROWS AT 3.4%Â Â INÂ Â APRILÂ Â Â 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 13.06.2019 :     According to press release of  Department of Statistics , Government of India released on 12.06.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 3.4 %  for the month of April  2019 compared with the corresponding month of previous year ( April  2018 ) . The cumulative growth for the financial year from April 18 to March 19 stands at 3.6 % compared with the same period previous year  ( April 18 to  March  18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 126.8  for the month of April 2019 against 122.6 at  April  18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.06.2019 :     According to press release of  Department of Statistics , Government of India released on 12.06.2019 , Index of Industrial Production ( IIP )  has shown a  growth of 3.4 %  for the month of April  2019 compared with the corresponding month of previous year ( April  2018 ) . The cumulative growth for the financial year from April 18 to March 19 stands at 3.6 % compared with the same period previous year  ( April 18 to  March  18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 126.8  for the month of April 2019 against 122.6 at  April  18 .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ FURTHERÂ Â CLIMBS TOÂ 3.05 %Â Â INÂ Â MAYÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.06.2019 :       According to press release of  Department of Statistics , Government of India released on 12.06.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.05  % ( provisional ) in  May 2019 compared to the figure of 2.99 % ( final ) of previous month  April 2019  .  CPI for May 2019 is  lower than the  last year CPI  of  4.87 % for  May  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 13.06.2019 :       According to press release of  Department of Statistics , Government of India released on 12.06.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 3.05  % ( provisional ) in  May 2019 compared to the figure of 2.99 % ( final ) of previous month  April 2019  .  CPI for May 2019 is  lower than the  last year CPI  of  4.87 % for  May  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
GDP GROWTHÂ FURTHERÂ SLIPS TOÂ Â 5.8Â %Â INÂ Q4Â OF THE YEAR 2018-19Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 01.06.2019 :       According to press release of  Department of Statistics , Government of India  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending March 2019 ( Q4 ) has further slipped to 5.8 %   from 6.6 % of the earlier quarter Q3 ( ending Dec 2018 )  .  It is the lowest quarterly growth for the current year . The overall year on year growth for the Financial year 2018-19  also came down to 6.8 % from 7.2 % in the previous year 2017-18 .Â
 The press report says " Real GDP or GDP at Constant (2011-12) Prices for the year 2018-19 is now estimated at `140.78 lakh crore showing a growth rate of 6.8 percent over First Revised  Estimates of GDP for the year 2017-18 of `131.80 lakh crore, released on 31st January, 2019. " Â
With GDP slipping to 5.8% in Q4 , India lost the tag of fastest growing economy to China which has shown  a growth of 6.4 % in the same period .Â
​To read the complete report , CLICK HEREÂ
DATED 01.06.2019 :       According to press release of  Department of Statistics , Government of India  ,  Gross Domestic Product ( GDP ) at Constant (2011- 12) in the quarter ending March 2019 ( Q4 ) has further slipped to 5.8 %   from 6.6 % of the earlier quarter Q3 ( ending Dec 2018 )  .  It is the lowest quarterly growth for the current year . The overall year on year growth for the Financial year 2018-19  also came down to 6.8 % from 7.2 % in the previous year 2017-18 .Â
 The press report says " Real GDP or GDP at Constant (2011-12) Prices for the year 2018-19 is now estimated at `140.78 lakh crore showing a growth rate of 6.8 percent over First Revised  Estimates of GDP for the year 2017-18 of `131.80 lakh crore, released on 31st January, 2019. " Â
With GDP slipping to 5.8% in Q4 , India lost the tag of fastest growing economy to China which has shown  a growth of 6.4 % in the same period .Â
​To read the complete report , CLICK HEREÂ
NIRMALA SITHARAMANÂ IS THE NEW FINANCE MINISTERÂ
Dated 31.05.2019 : Ms Nirmala Sitharaman has been appointed as Finance Minister . She was earlier Defence Minister in the previous Modi Government .Â
 59 years old Ms Sitharaman  was born in Madurai , Tamilnadu  . She has done her Master's Degree from Jawaharlal Nehru University ( JNU ) , Delhi in 1984 .Â
Her career , before joining politics include Â
1. salesgirl in Habitat  U.KÂ
2 . Assistant to Economist in Agricultural Engineers Association , UKÂ
3. Senior Manager for Price Waterhouse .Â
She joined the ruling party Bharatiya Janata Party in 2008 and presently Rajyasabha Member from Karnataka .Â
Dated 31.05.2019 : Ms Nirmala Sitharaman has been appointed as Finance Minister . She was earlier Defence Minister in the previous Modi Government .Â
 59 years old Ms Sitharaman  was born in Madurai , Tamilnadu  . She has done her Master's Degree from Jawaharlal Nehru University ( JNU ) , Delhi in 1984 .Â
Her career , before joining politics include Â
1. salesgirl in Habitat  U.KÂ
2 . Assistant to Economist in Agricultural Engineers Association , UKÂ
3. Senior Manager for Price Waterhouse .Â
She joined the ruling party Bharatiya Janata Party in 2008 and presently Rajyasabha Member from Karnataka .Â
RETAIL INFLATIONÂ FURTHERÂ Â INCREASES TOÂ 2.92 %Â Â INÂ Â APRILÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 14.05.2019 :       According to press release of  Department of Statistics , Government of India released on 13.05.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.92 % ( provisional ) in  April  2019 compared to the figure of 2.86 % ( final ) of previous month  March 2019  .  CPI for April     2019 is  lower than the  last year CPI  of  4.58 % for  April  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 14.05.2019 :       According to press release of  Department of Statistics , Government of India released on 13.05.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.92 % ( provisional ) in  April  2019 compared to the figure of 2.86 % ( final ) of previous month  March 2019  .  CPI for April     2019 is  lower than the  last year CPI  of  4.58 % for  April  2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â TURNSÂ NEGATIVEÂ INÂ Â MARCHÂ Â 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 13.05.2019 :     According to press release of  Department of Statistics , Government of India released on 10.05.2019 , Index of Industrial Production ( IIP )  has shown , for the first time in the financial year 2018-19 , a negative growth of 0.1 %  for the month of March  2019 compared with the corresponding month of previous year ( March  2018 ) . The cumulative growth for the financial year from April 18 to March 19 stands at 3.6 % compared with the same period previous year  ( April 18 to  March  18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 140.2  for the month of March 2019 against 140.3 at  March  18 .
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.05.2019 :     According to press release of  Department of Statistics , Government of India released on 10.05.2019 , Index of Industrial Production ( IIP )  has shown , for the first time in the financial year 2018-19 , a negative growth of 0.1 %  for the month of March  2019 compared with the corresponding month of previous year ( March  2018 ) . The cumulative growth for the financial year from April 18 to March 19 stands at 3.6 % compared with the same period previous year  ( April 18 to  March  18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 140.2  for the month of March 2019 against 140.3 at  March  18 .
To read the Press Release of the ministry ,  CLICK HERE ​
RETAIL INFLATIONÂ FURTHERÂ Â INCREASES TOÂ 2.86 %Â Â INÂ MARCHÂ Â 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 12.04.2019 :       According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.86 % ( provisional ) in  March  2019 compared to the figure of 2.57 % ( final ) of previous month February  2019  .  CPI for March     2019 is  lower than the  last year CPI  of  4.28 % for  March    2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 12.04.2019 :       According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.86 % ( provisional ) in  March  2019 compared to the figure of 2.57 % ( final ) of previous month February  2019  .  CPI for March     2019 is  lower than the  last year CPI  of  4.28 % for  March    2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
INDUSTRIAL PRODUCTIONÂ Â SHOWSÂ Â DISMALÂ Â GROWTH OFÂ 0.1Â %Â DURINGÂ Â FEBRUARYÂ Â 2019 :Â STATISTICAL MINISTRYÂ Â Â
DATED 12.04.2019 :     According to press release of  Department of Statistics , Government of India released on 12.04.2019 , Index of Industrial Production ( IIP )  has shown a growth of 0.1 %  for the month of February  2019 compared with the corresponding month of previous year (  February 2018 ) . The cumulative growth for the current financial year from April 18 to  February  19 stands at 4.0 % compared with the same period previous year  ( April 18 to  February 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 127.5 for the month of  February  2019 against  127.4  at  February  2018 .
​
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 12.04.2019 :     According to press release of  Department of Statistics , Government of India released on 12.04.2019 , Index of Industrial Production ( IIP )  has shown a growth of 0.1 %  for the month of February  2019 compared with the corresponding month of previous year (  February 2018 ) . The cumulative growth for the current financial year from April 18 to  February  19 stands at 4.0 % compared with the same period previous year  ( April 18 to  February 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 127.5 for the month of  February  2019 against  127.4  at  February  2018 .
​
To read the Press Release of the ministry ,  CLICK HERE ​
​ FITCH CUTS  INDIAN GROWTH FORECAST : Â
Dated 23.03.2019 : International Credit rating agency M/S Fitch Ratings  cut their growth forecast for India for the year April 2019 to March 20 to 6.8 % from earlier estimated 7 % .  Still  a growth of 7.1 % possible possible in Fy 20-21 , as per Fitch view .Â
Fitch opines that GDP growth in India softened to 6.6 % in Oct 18- Dec 18 quarter due to activities cooling in manufacturing sector  and to lesser extent in agriculture sector . It also links lower growth to  problems cropped up in NBFC ( Non banking finance companies )  and negative food inflation . Â
Rating agency also forecasts " Fiscal and monetary policies are also becoming more growth-friendly. The RBI has adopted a more dovish monetary policy stance and cut interest rates by 25bp at its February 2019 meeting, a move supported by steadily decelerating headline inflation. We have changed our rate outlook and we now expect another 25bp cut in 2019, amid protracted below target inflation and easier global monetary conditions than previously envisaged. " Â
Dated 23.03.2019 : International Credit rating agency M/S Fitch Ratings  cut their growth forecast for India for the year April 2019 to March 20 to 6.8 % from earlier estimated 7 % .  Still  a growth of 7.1 % possible possible in Fy 20-21 , as per Fitch view .Â
Fitch opines that GDP growth in India softened to 6.6 % in Oct 18- Dec 18 quarter due to activities cooling in manufacturing sector  and to lesser extent in agriculture sector . It also links lower growth to  problems cropped up in NBFC ( Non banking finance companies )  and negative food inflation . Â
Rating agency also forecasts " Fiscal and monetary policies are also becoming more growth-friendly. The RBI has adopted a more dovish monetary policy stance and cut interest rates by 25bp at its February 2019 meeting, a move supported by steadily decelerating headline inflation. We have changed our rate outlook and we now expect another 25bp cut in 2019, amid protracted below target inflation and easier global monetary conditions than previously envisaged. " Â
RETAIL INFLATIONÂ SLIGHTLYÂ INCREASES TOÂ 2.57 %Â Â IN FEBRUARYÂ 2019Â :Â Â STATISTICALÂ MINISTRYÂ Â
DATED 13.03.2019 :       According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.57 % ( provisional ) in February  2019 compared to the figure of 1.97 % ( final ) of previous month January  2019  .  CPI for February     2019 is  lower than the  last year CPI  of  4.44 % for  February   2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
DATED 13.03.2019 :       According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Inflation rate as measured by Consumer Price Index ( CPI )  increased  to 2.57 % ( provisional ) in February  2019 compared to the figure of 1.97 % ( final ) of previous month January  2019  .  CPI for February     2019 is  lower than the  last year CPI  of  4.44 % for  February   2018 . The rate is much below the midterm range of 4 % set by Reserve Bank of India .Â
To read the Press Release of the ministry ,   CLICK HERE Â
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 INDUSTRIAL PRODUCTION  SHOWS A MARGINAL  GROWTH OF 1.7 % DURING  JANUARY  2019 : STATISTICAL MINISTRY  Â
DATED 13.03.2019 :     According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Index of Industrial Production ( IIP )  has shown a growth of 1.7 %  for the month of January  2019 compared with the corresponding month of previous year (  January 2018 ) . The cumulative growth for the current financial year from April 18 to  January  19 stands at 4.4 % compared with the same period previous year  ( April 18 to  January 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 134.5 for the month of  January  2019 against  132.3  at  January  2018 .
​
To read the Press Release of the ministry ,  CLICK HERE ​
DATED 13.03.2019 :     According to press release of  Department of Statistics , Government of India released on 12.03.2019 , Index of Industrial Production ( IIP )  has shown a growth of 1.7 %  for the month of January  2019 compared with the corresponding month of previous year (  January 2018 ) . The cumulative growth for the current financial year from April 18 to  January  19 stands at 4.4 % compared with the same period previous year  ( April 18 to  January 18 ) .Â
The quick estimate of  IIP with base 2011-12 stood at 134.5 for the month of  January  2019 against  132.3  at  January  2018 .
​
To read the Press Release of the ministry ,  CLICK HERE ​
GDP GROWTHÂ SLIPS TOÂ Â 6.6Â %Â INÂ Q3Â OF THE YEAR 2018-19Â :Â STATISTICAL MINISTRYÂ Â Â
DATED 28.02.2019 :       According to press release of  Department of Statistics , Government of India released today  ,  Gross Domestic Product ( GDP ) in the quarter ending Dec 2018 ( Q3 ) has slipped to 6.6 %   from 7 % of the earlier quarter Q2 ( ending Sept 2018 )  .  It is the lowest quarterly growth for the current year .Â
​To read the complete report , CLICK HEREÂ
DATED 28.02.2019 :       According to press release of  Department of Statistics , Government of India released today  ,  Gross Domestic Product ( GDP ) in the quarter ending Dec 2018 ( Q3 ) has slipped to 6.6 %   from 7 % of the earlier quarter Q2 ( ending Sept 2018 )  .  It is the lowest quarterly growth for the current year .Â
​To read the complete report , CLICK HEREÂ
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