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Temporary respite: On latest retail inflation and industrial output data

Price stability must be maintained even as steps to boost demand are taken
The latest retail inflation and industrial output data from the National Statistical Office (NSO) offer some relief from the pall of gloom cast by the relentless second wave of the COVID-19 pandemic. Provisional headline inflation slowed to a three-month low of 4.29% in April, helped by softer food prices and a statistical base effect. The rate using an imputed index for the year-earlier period was 7.22%. A separate NSO release showed March industrial output jumped by 22.4%, benefiting again from the fact that the Index of Industrial Production (IIP) had posted an 18.7% contraction in March 2020, when the economy was halted by the start of a nationwide lockdown. A closer look at the inflation data reveals a substantial cooling in the prices of cereals, milk and milk products, vegetables, and pulses and products. While both cereals and vegetables saw a deflationary trend widen to -2.96% and -14.2%, resp ....

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Back to the future: On rebound of Indian economy

The economy may have emerged from the woods, but challenges loom
After two quarters of a sharp contraction, India’s economy is estimated to have rebounded out of a ‘technical recession’ to record feeble growth in the October-December 2020 period, with GDP rising by 0.4% and GVA by 1%. The overall numbers are not surprising. Just as the short-notice pandemic lockdown and the subsequent case surge took the wind out of mobility and economic activity in the first half of the fiscal year, the ‘unlocking phase’ that was largely complete by late September, brought back a semblance of normalcy, with pent-up and festival demand spurring spending, and helping reboot production lines. Agriculture remained the resilient bulwark in the third quarter as well, with farm GVA rising by 3.9% after being the sole sector to clock growth in the preceding two quarters. Manufacturing and construction resurfaced from a collapse to expand 1.2% and 6%, respectively. Both these sectors had be ....

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Moskva Bəyanatı Azərbaycanın nəqliyyat-kommunikasiya liderliyini təsdiq edir

Moskva Bəyanatı Azərbaycanın nəqliyyat-kommunikasiya liderliyini təsdiq edir
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Moskva görüşü: Azərbaycanın növbəti uğuru - TƏHLİL

Moskva görüşü: Azərbaycanın növbəti uğuru - TƏHLİL
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