Indian Rupee expected to weaken on inflation, infection woes
Likely surge in bond yields along with rising Covid cases are expected to weaken the Indian rupee during the upcoming week.
Source: ummid.com
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Indian economy to grow at 9.2% in FY22, surpass pre-Covid level: Centre data
The improvement in the economy comes over a GDP contraction of 7.3 per cent during 2020-21 due to the pandemic and resultant lockdown imposed to curb the spread of the deadly coronavirus.
Source: india.com
Base effect sends IIP soaring 134% in April - The Hindu BusinessLine
In April 2020, most units reported nil output because of total lockdown
Source: thehindubusinessline.com
ET Poll: FY21 GDP growth may have got a Q4 booster shot
“We peg the GDP growth for the just-concluded quarter at 2%, suggesting that the double-dip recession implied for Q4 FY2021 by the NSOs second advance estimates for FY2021, was averted,” said Aditi Nayar, chief economist at ICRA. GDP grew 0.4% in the December quarter.
Source: indiatimes.com
Retail inflation rises to 3-month high of 5.03 % in Feb on higher food prices
Source: Highlights The rate of price rise in the food basket accelerated to 3.87% in February, as against 1.89% in the preceding month, as per data released by NSO Inflation in the 'fuel and light' category remained elevated at 3.53% during the month vis-a-vis 3.87% in January New Delhi: Retail inflation rose to a three-month high of 5.03 per cent in February mainly on account of higher food prices, government data showed on Friday. The Consumer Price Index (CPI) based retail inflation stood at 4.06 per cent in January. The previous high was witnessed at 6.93 per cent in November 2020. The ra...
Source: india.com