The annual wholesale price inflation eased in January for the second straight month after touching an eight-month high in November, helped by a softer rise in food and fuel prices, government data showed on Thursday.
India’s trade deficit widened to $16.30 billion in January from $14.88 billion in the previous month, government data showed on Thursday.
Merchandise exports for January rose 9.07 per cent from a year ago to $24.38 billion.
India’s retail inflation eased from the fastest pace in 17 months, offering some respite to policymakers and bond investors battling the fallout of prime minister Narendra Modi’s expansionary budget.
Union minister Piyush Goyal on Monday said the country's economic growth is likely to cross 7.5 per cent in the next fiscal.
Signalling continuation of the growth momentum, industrial output expanded by 7.1 per cent in December on robust performance by manufacturing and capital goods, Central Statistics Office (CSO) showed on Monday.
Pulled down by a sharp decline in coal production and weak performance of electricity generation and petroleum refining industries, core sector growth fell to 19-month low of 0.4 per cent in June.
India's economic growth will remain in the range of 6.5-7.5 per cent over the next 12-18 months and GST will support the momentum for faster growth, a Moody's poll has said.
Around 11 years after the chilling serial rape and murders, many of them young girls, rocked Delhi’s bursting satellite town Noida, businessman Moninder Singh Pandher and his domestic help Surinder Koli were sentenced to death by a special CBI court in Ghaziabad on Monday.
The GST rollout impact cast its shadow on first quarter results declared by two pharmaceutical companies, Alembic Pharmaceuticals and Sanofi India.
Pharma companies first quarter performance would have a negative impact of the GST rollout, feel HDFC Securities analysts.
The Asian Development Bank (ADB) on Thursday retained India’s growth projection at 7.4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5.9 per cent.
Consumption growth has been recovering, while real estate and capex are still a drag. Within domestic demand, consumption growth has held up better than investment-related segments.