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Economic outlook turns encouraging for new govt

Last Updated: Friday, June 13, 2014, 09:42

India`s new government got the best news on the economy in a year on Thursday, as industrial growth rebounded and retail inflation dropped to a three-month low - signs of an economic revival that could offset the threat of patchy summer rains.

India Ratings pegs GDP at 4.9%; projects improvement in FY15

Last Updated: Tuesday, January 14, 2014, 15:25

India's growth rate is expected to slip to 4.9 percent in the current fiscal but will improve significantly to 5.6 percent in 2014-15, India Ratings said Tuesday.

Nov IIP shrank on weak festive demand, low investment: Experts

Last Updated: Friday, January 10, 2014, 23:41

Weak festive demand and sluggish investment activity led to a slump in factory production in November when the output contracted to a six-month low of 2.1 percent, according to economists.

Oct IIP growth turns negative after 3 months

Last Updated: Thursday, December 12, 2013, 21:06

Industrial production entered the negative territory after three months, contracting by 1.8 percent in October this year mainly due to poor performance of the manufacturing sector.

Disappointed by IIP nos, India Inc seeks rate cut from RBI

Last Updated: Thursday, December 12, 2013, 20:52

Expressing disappointment over the contraction in industrial growth in October, India Inc Thursday appealed to the Reserve Bank to cut interest rates to revive the manufacturing sector and ameliorate investments.

Double whammy for govt: Inflation up at 11.24%, IIP contracts by 1.8%

Last Updated: Thursday, December 12, 2013, 20:16

The RBI, scheduled to review the monetary policy on December 18, hiked the key lending rate by 0.25 percent in each of it previous two policy reviews to contain inflation.

Industrial output growth contracts by 1.8% in October

Last Updated: Thursday, December 12, 2013, 17:31

India's Industrial output growth contracted by 1.8 percent in October, a sign the economy remains fragile despite a modest rebound in the September quarter.

IIP growth hits 11-month low; contracts by 1.6% in May

Last Updated: Friday, July 12, 2013, 17:40

Reflecting a persistent slowdown, industrial production in May contracted by 1.6 percent, lowest in the past 11 months, on account of poor show by the manufacturing and mining sectors.

Govt corrects IIP growth rate twice in a day, April IIP at 2.3%

Last Updated: Thursday, June 13, 2013, 18:56

Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 percent in April instead of 2 percent reported yesterday.

Industry still not out of the woods: India Inc on IIP

Last Updated: Friday, May 10, 2013, 15:28

India Inc on Friday said industrial output may look better in March but "the industry is still not out of the woods", and urgently required interest rate reduction and steps for investment revival.

Fin Min 'happy' with IIP pick-up, hopes growth will cross 6%

Last Updated: Friday, May 10, 2013, 14:36

Upbeat over pick-up in industrial growth, Finance Ministry on Friday expressed confidence that with the current trend continuing, the economic growth rate would cross 6 percent in 2013-14.

IIP growth for FY13 at 20-year low; rises to 5-month high in Mar

Last Updated: Friday, May 10, 2013, 11:03

On an annual basis, the index grew by a meagre rate of one percent in 2012-13 as against 2.9 percent in the previous fiscal.