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Consumption Demand News
Good news for Indian economy! Sharp improvement in indicators witnessing a positive trend: Bernstein macro index
Mon, Nov 30, 2020
There has been an improvement in various indicators of manufacturing in Oct. IIP bounced back to positive territory in Sep while manufacturing PMI rose to 58.9 on Oct-19, the highest since 2008 implying strong expansion in manufacturing activity ahead. Service PMI too rebounded in Oct moving above 50 after 7 months. Eight core industries continue to improve on account of strength in coal production.
India Ratings projects economic growth at 7.1% next fiscal
Thu, Jan 18, 2018
India Ratings and Research today projected the country's economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices.
GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
RBI slashes GVA growth for FY17 to 7.1%
Wed, Dec 07, 2016
RBI said, “Outlook for GVA growth has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of SBNs (specified bank notes) which are still playing out.”