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Core inflation, which strips out the effects of food and fuel, worryingly rose to 6.21 per cent — the highest in five months — compared with 6.17 per cent in October
A lean, deleveraged private sector is looking for expansion, putting investments back on track.
The economy looks set for a sharper rebound in the third quarter of the current fiscal with key high-frequency indicators like e-way bill generation, card transactions, and purchasing managers index (PMI) posting record-high growth in October.
MONEYWEB app instead? Indiaâs economy showed momentum before virus crisis hit home Gross domestic product rose 1.6% from a year earlier in the three months ended March, the Statistics Ministry said Monday. By Vrishti Beniwal, Bloomberg 1 Jun 2021 08:23 Image: Sumit Dayal/Bloomberg Indiaâs economy expanded faster than expected last quarter before a resurgent coronavirus pandemic unleashed a new wave of challenges. Gross domestic product rose 1.6% from a year earlier in the three months ended March, the Statistics Ministry said Monday. That was faster than the 1% median estim...
SHARE India’s economy expanded faster than expected in the three months to March 31, before a resurgent coronavirus pandemic unleashed a new wave of challenges. Gross domestic product rose 1.6 per cent from a year earlier during the quarter, the Statistics Ministry said Monday. That was faster than the 1 per cent median estimate in a Bloomberg survey of economists. The number marks the second straight quarter of expansion following a rare recession, which tipped the economy into an unprecedented 7.3 per cent contraction for the full fiscal year that ended in March. That compares with a medi...