What's NewGreen shoots in Indian economy as industrial output revives in November 2019.

India's industrial production index revives in November 2019, as it grew by 1.8% YoY breaching the negative territory. Industrial production output in India has witnessed a series of ups and downs since November 2018. The positive YoY growth for November 2019 could be because of the base effect, as the same in November 2018 was merely 0.2%. Nevertheless, this rebound, along with the narrowing of a slowdown in the core industries as witnessed in its recent release, hints signs of recovery in the Indian economy from a prolonged slowdown started in April-June quarter of 2018. (January 10, 2020)

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Latest January 16, 2020

Balance of Trade

Narrowing trade deficit isn't a sign of hope for falling economy.

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Latest January 13, 2020

Consumer Price Index (CPI)

Higher CPI amidst low growth rate to put RBI's MPC in a dilemma.

India's Consumer Price Index for December 2019 grew by 7.2% YoY, driven by high food price, breaching the RBI's upper tolerance limit of 6%.The growth rate in core CPI (ex-food & fuel) has moderately increased to 3.7% YoY from 3.6% YoY in October 2019.

Among the food products, the price rise is majorly in vegetables, pulses, and dairy products both in rural and urban India.

There is not much respite in the seasonally adjusted CPI either, as the index ...

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January 10, 2020

Industrial Production

Green shoots in Indian economy as industrial output revives in November 2019.

India's industrial production index revives in November 2019, as it grew by 1.8% YoY breaching the negative territory. Industrial production output in India has witnessed a series of ups and downs since November 2018, followed by a continuous contraction for three months starting in August 2019 till October 2019. Component wise production activities has improved in all the sectors except for in electricity and coke and refined petroleum produc...

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