What's NewThe Indian economy returned to a growth of 0.4% YoY in Oct-Dec'20, after two successive quarters of contraction.

(February 26, 2021)

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The Indian economy returned to a growth of 0.4% YoY in Oct-Dec'20, after two successive quarters of contraction.

Real GDP or Gross Domestic Product of India at constant (2011-12) prices is computed using expenditure approach to output. Under this approach, the output or GDP is the sum of private final consumption expenditure (PFCE), government output or Government Final Consumption Expenditure (GFCE), capital formation as indicated by Gross Fixed Capital Formation (GFCF) and Net Exports (Exports minus Imports).<...

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February 26, 2021

Non-Food Bank Credit

Growth in Non-food bank credit stood at 5.7% YoY in January 2021

February 26, 2021

Eight Core Industries

In January 2021, the eight core sectors output grew marginally by 0.1% YoY compared with 0.2% YoY in December 2020.

 

The data on production of eight core industries of India is published monthly by the Ministry of Commerce and Industry. The current base year for the index of the series is 2011-12=100. The eight core industries included are- Coal, Crude oil, Natural Gas, Petroleum refinery products, Fertilizer, Cement, Steel, and Electricity generation. These eight industries comprise 40.27% of the weight of the items included in the Index of Industrial Produc...

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India's fiscal position continues to widen on the back of shortfalls in revenue in Jan'21

The central government accounts are divided mainly into two parts- Revenue Account and Capital Account. The revenue account consists of revenue receipts and revenue expenditure. Revenue receipts are accumulated from tax revenues (both via direct and indirect taxes) and non-tax revenues (interest payments dividend & profits etc.), while the revenue expenditure is broadly the expenditure which doesn't result in the cre...

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RBI leaves the policy rate unchanged and upside risks to inflation outlook still persist.


The Reserve Bank of India, in its monetary policy meet decided to keep the key policy rates unchanged after two emergency rate cuts amid the COVID-19 disruptions and its ensuing economic fallout. Consequently, the repo rate stands unchanged at 4% and the reverse repo rate at 3.35%. Though the economy is still far from a significant revival and needed monetary policy support, inflation took center stage. Retail inflation, measured by CPI,...

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