Preliminary data released by the Central Statistics Office on Thursday showed India’s consumer price inflation numbers to have remained steady in September while industrial production rose favourably.
On the back of a waning impact of the GST accompanied by increased commodity prices, the index of industrial production (IIP), wholesale price index and consumer price index are expected to increase.
Eight core-sector industries have a combined weight of 38 per cent in the IIP. In March last year, the core sector growth was 4%. The previous low was a negative growth of 0.6 per cent in October 2013.
Reviving hopes of manufacturing recovery, industrial production grew at five-month high…
Infrastructure growth hurt by performances of coal,oil and gas sectors.
Indirect tax collection,a reflection of production and trade activities in the country,continues to show dismal performance. In October,indirect tax collection comprising customs duty,excise duty and service tax,grew 7.4 per cent at Rs 41,570 crore compared to Rs 38,712 crore during the same period of the last fiscal. The most worrying is the excise duty collection,which […]
Factory output,as measured in terms of IIP had contracted by 0.7 per cent in September last year.
Industrial output growth (Index of Industrial Production) was hurt by weak investment,demand.
The growth was led by the coal and cement sector during the month.
Manufacturing sector,which makes up 75%+ of index,grew 3% in July against zero growth June.
The industrial output as measured by the Index of Industrial Production (IIP) shrank 2.2 per cent in June
Manufacturing sector,which constitutes over 75 pct of the index,contracted 2.2 pct.
The index of industrial production (IIP) for April was revised to 2.3 per cent from 2 per cent. On Wednesday,the data showed power generation
The countrys industrial output in March surged at its fastest pace in five months,up 2.5 per cent from a year earlier against Februarys 0.5 per cent growth.
Industry urgently requires interest rate reduction and steps for investment revival,say corporates.