India s GDP contracts 7.3% in FY21; grows at 1.6% in Q4
On the lines of forecasts by professional agencies, economy continued its expansion in January-February quarter though recent rise in infections played spoil sport. This is second consecutive quarter when GDP grew in positive territory in FY21
Manoj Sharma | May 31, 2021 | Updated 18:17 IST
Economy had grown 4.18 per cent in FY20 and 6.12 per cent in FY19
India s economy grew at 1.6 per cent in the fourth quarter of 2021-21, recording a slight pickup in GDP growth amid the Covid-19 second wave hitting the economy hard. In the full fiscal year, the economy shrunk by -7.3 per cent as the Covid-19 pandemic ravaged the economy.
WPI Inflation rising to 11-year high in April major surprise ; to rise further in May: Barclays
Barclays says perishable food products especially vegetables and fruits minerals and basic metals drove the inflation surge in April, which may precede an increase in the CPI in the coming weeks
BusinessToday.In | May 17, 2021 | Updated 15:47 IST
The current surge in WPI is likely too high for the RBI to ignore, says Barclays
Wholesale Price Inflation (WPI) climbing to an 11-year high of 10.49 per cent in April is a major upside surprise , and it is the first time WPI has been in double digits in almost a decade, Barclays said in a report titled, April WPI: Surging ahead has said.
On a month-on-month basis, WPI inflation saw a 3.1 per cent rise as compared to 7.39 per cent in March. The wholesale inflation was 4.17 per cent in February. For January, the WPI inflation rate stood at 2.51 per cent
Retail inflation eases to 4.29% in April 2021 on sharp dip in food prices
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
BusinessToday.In | May 12, 2021 | Updated 18:23 IST
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, primarily due to reduction in food prices, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday, May 12. It stood at 5.52% in March.