Consumer Price Index (CPI) for October 2024: Key Highlights Overview of the Consumer Price Index (CPI) The Consumer Price Index (CPI) is a crucial economic indicator used to measure the changes in the average prices of a basket of goods and services over time. For October 2024, India’s CPI has shown a notable shift in…
RBI Report: India’s Employment Growth at 6% in FY24 vs 3.2% in FY23 The Reserve Bank of India (RBI) has released its latest report highlighting India’s employment growth for the fiscal year 2023-24. According to the report, India’s employment sector has shown significant improvement, with a growth rate of 6% compared to a modest 3.2%…
RBI Launches Quarterly Manufacturing Survey for Q2 2024 The Reserve Bank of India (RBI) has initiated its quarterly manufacturing survey for the second quarter of 2024, aimed at assessing the performance and expectations of the manufacturing sector in the country. This survey plays a crucial role in providing insights into the economic health of the…
GST Collection in June 2024: Growth Slows to 7.7% In June 2024, India’s Goods and Services Tax (GST) collection saw a notable deceleration, with growth slowing to 7.7% compared to previous months. According to the latest data released by the Ministry of Finance, the total GST revenue collected stood at ₹1.42 lakh crore for the…
Gross GST Revenue Collection in May 2024: ₹1.73 Lakh Crore; Records 10% YoY Growth The Gross Goods and Services Tax (GST) revenue collection for May 2024 stands at an impressive ₹1.73 lakh crore, marking a significant 10% Year-on-Year (YoY) growth. This achievement reflects the resilience and stability of the Indian economy amidst various global and…
India’s Industrial Production Growth Slows to 4.9% in March 2024 India’s industrial production growth rate decelerated to 4.9% in March 2024, indicating a slowdown in the country’s manufacturing sector. This figure, released by the government’s National Statistical Office (NSO), is a cause for concern as it signifies a notable drop compared to the previous month’s…
India Ratings Raises Sovereign GDP Growth Estimate for FY25 to 7.1% India Ratings, a leading credit rating agency, has revised its forecast for India’s Gross Domestic Product (GDP) growth for the fiscal year 2024-25 (FY25) upwards to 7.1%. This revision marks an optimistic outlook for the country’s economic performance amidst various global and domestic factors….
Understanding India’s Wholesale Price Index (WPI) Report for March 2024 The Wholesale Price Index (WPI) is a crucial economic indicator that measures the changes in the prices of goods at the wholesale level. In March 2024, India’s WPI witnessed significant shifts, reflecting various economic trends and implications for different sectors. Overview of India’s Wholesale Price…
India’s Economic Update: Retail Inflation Dips to 10-Month Low, IIP Surges India’s economic landscape has recently witnessed significant shifts, with noteworthy updates in retail inflation and industrial production. These developments carry implications for various sectors and stakeholders across the nation. Retail Inflation at 10-Month Low The latest data reveals a welcome decline in retail inflation,…
India’s GDP to Grow by 6.8% in FY25: S&P Global India’s Gross Domestic Product (GDP) is anticipated to expand by 6.8% in the fiscal year 2024-25, according to a recent report by S&P Global. This forecast comes amidst efforts to bolster economic growth in the country. The anticipated growth rate reflects both domestic initiatives and…
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