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India's industry output contracts 1.9% in November, bucks revival trend

Indias industry output contracts 1.9% in November, bucks revival trend During April-November period of the fiscal year 2020-21, the IIP growth contracted 15.5 per cent as against a 0.3 per cent growth in the year ago period, the data from MoSPI showed BusinessToday.In | January 12, 2021 | Updated 18:39 IST IIP contracts 1.9 per cent in November Indias industrial output, measured by the Index of Industrial Production (IIP), contracts 1.9 per cent year-on-year (y-o-y) in the month of November, a...
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Industrial production shrinks 1.9 pc in Nov; enters negative zone after 2 months

Industrial production shrinks 1.9 pc in Nov; enters negative zone after 2 months India Updated: Tuesday, January 12, 2021, 21:15 [IST] New Delhi, Jan 12: Industrial production contracted by 1.9 per cent in November, entering the negative territory after a two-month gap, mainly due to poor showing by manufacturing and mining sectors, official data showed on Tuesday. Representational Image The manufacturing sector -- which constitutes 77.63 per cent of the index of industrial production (IIP) -- ...
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Sensex, Nifty scale record closing highs: Five factors behind the rally

Sensex, Nifty scale record closing highs: Five factors behind the rally Tech Mahindra, Infosys, UltraTech Cement, Power Grid Corporation of India, NTPC, Sun Pharma, HCL technologies were among top gainers Rupa Burman Roy | January 8, 2021 | Updated 19:25 IST During the session, Sensex hit a new high of 48,854 and Nifty lit a lifetime high of 14,367 Market indices closed at record highs on Friday, amid positive global equities, with IT stocks, HDFC Bank and RIL leading the rally. Reversing from...
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Govt expects GDP to contract 7.7% in FY21- Business News

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with trade, hotels, transport, communication and services related to broadcasting expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2...
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A lost year

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Govt expects GDP contracting by 7.7% in FY21- Business News

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with trade, hotels, transport, communication and services related to broadcasting expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2...
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