LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

Factory growth, inflation likely to trend higher: Report

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Wed, Oct 11, 2017
01:39 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

India's industrial growth and inflation may trend up as key metrics such as IIP, CPI and WPI are expected to come in higher, driven by a waning GST impact and higher commodity rates, says a Morgan Stanley report.

According to the global financial services major, August industrial production (IIP) may improve as GST-related impact would wane. Moreover, export growth is expected to stay strong in September.

Morgan Stanley expects CPI inflation to rise further to 3.8 per cent, inching closer to RBI's inflation target of 4 per cent, while WPI inflation may inch up to 3.4 per cent in September from 3.2 per cent in August, largely driven by higher oil prices.

According to official data, India's retail inflation had swelled to 5-month high of 3.36 per cent in August on costlier vegetables and fruits.

Following the uptrend in inflation, Morgan Stanley said "rising inflation trajectory will mean that the central bank will keep rates on hold".

RBI in its policy review meet on October 4, kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 per cent for the current fiscal.

Regarding IIP, the report said the index is expected to rise to 1.7 per cent in August, supported by a favourable base. Besides, indicators like core industries' production, passenger vehicle production and steel demand remained supportive through August, suggesting that IIP improved during the month.

"Looking ahead, we do expect that the economy should now have a clear runway for growth with both consumption and exports picking up," the report said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

RBI open to examine proposal on bad banks: Reserve Bank of India Governor Shaktikanta Das

WhatsApp delays new privacy policy by three months amid severe criticism

NIOS admit card 2021 for Class 10, 12 exams released on nios.ac.in| Download it in 5 quick steps

INSANE 'Master' Box office collection! Vijay’s film opens with thunderous response in UAE; beats Wonder Woman 1984, Tenet

Earthquake today: 42 dead, 15,000 displaced in massive Indonesia quake

After Rakesh Jhunjhunwala sells 12 lakh Escorts shares, price falls! What must investors do? Expert reveals

Getting Driving licence made easy! Here is how you can apply for licence in Delhi, UP, MP, Bihar and other states

Consumers spent $57 bn on video games in US in 2020, 27 per cent increase from 2019

World biggest Covid 19 vaccination drive: All you need to know about this mega drive

Microsoft Windows 10 users alert! This bizarre bug corrupts hard drive just by looking at icon

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved