WPI Inflation Hits 10-Month Low

The Union Ministry of Commerce and Industries has released the data on WPI Inflation. The data makes the following observations: The WPI Inflation fell to a 10-month low of 2.76 per cent in January owing to softening prices of fuel ..

Month: Current Affairs - February, 2019

Nikkei India Services Business Activity Index: Key Facts

The seasonally adjusted Nikkei India Services Business Activity Index report makes the following observations about the Services Business Activity in India: The index witnessed a drop for the second straight month in January to 52.2 from 53.2 in December. The fall ..

Month: Current Affairs - February, 2019

Global Economic Prospects report 2019: Key Facts about India

The World Bank has released the Global Economic Prospects report 2019 titled “Darkening Skies”. The key findings of the report related to India are: India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 ..

Month: Current Affairs - January, 2019

Indian economy is expected to grow at 7.2% in FY19

The Central Statistics Office (CSO) has recently released the First advance estimates of National Income for the current fiscal FY 19, under the Ministry of Statistics and Programme Implementation. In it, Indian economy is expected to grow at 7.2% in ..

The Impact of Crude Price Shock on CAD, Inflation and Fiscal Deficit

The RBI has released a paper titled ‘The Impact of Crude Price Shock on CAD, Inflation and Fiscal Deficit’. The paper outlines how the crude price shock will have an adverse impact on current account deficit (CAD), Inflation and Fiscal ..

Month: Current Affairs - January, 2019

Challenges Before Monetary Policy Committee

The Monetary Policy Committee (MPC) is the body of the RBI headed by its Governor. The body is responsible for taking the important monetary policy decisions for determining the repo rate. The Monetary policy committee is a statutory body established ..

India Ratings and Research (Ind-Ra) projects India’s GDP growth to 7.2% for FY19

India Ratings and Research (Ind-Ra) has revised down India’s GDP growth to 7.2% for FY19 from 7.4% earlier in its latest report titled ‘Mid-year FY19 Outlook’. The key reason for this is the upward revision in the estimation of inflation ..

IMF reaffirms that India to be fastest-growing major economy in 2018

In its latest report “Asia and Pacific Regional Economic Outlook”, the International Monetary Fund (IMF) has reaffirmed that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4% that rises to 7.8% in 2019 with ..