Page 67 - Indian Economy

India's FMCG sector grows at 6% in Q4; volumes contract on low consumption

The overall volume degrowth in India's FMCG sector was spread across categories, but the extent was significantly higher in non-food compared to food

Manufacturing PMI steadies in May on increased orders despite inflation

PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April

Fearing rate hikes, consumers may front load purchases in niche areas: SBI

Customers, especially in retail verticals could be having a feel of future run expected in interest rates, and might be front loading their purchases in days to come, said SBI Research in a report

Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale

The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India

Expect income tax harassment to increase over the next few months

Govt's free food package, brought into effect since Covid outbreak in 2020, and RBI's lesser-than-expected dividend for FY22 might make the govt push the taxman to further augment revenues

PMI: India's May factory activity remained strong despite high inflation

Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices

Commercial LPG cylinder price cut by Rs 135; domestic LPG price unchanged

This is the first reduction in the price of commercial LPG cylinders after three months of consecutive hikes

Q4 GDP numbers a positive surprise with growth coming in at 4.1%

The implicit inflation in FY22 works out at 10 per cent, with the nominal GDP growth at 19.5 per cent

India's farm sector clocks 4.1% growth in Q4 of FY22, shows data

Any growth between 3.5 and 4 per cent for the farm sector is considered above the long-term trend line

India is better placed than others to face inflation, says CEA Nageswaran

Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation

Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan

To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan

Excess liquidity in India's banking system back to pre-Covid levels

A section of the market sees further liquidity tightening measures from the RBI in the June review of the monetary policy

India's GDP grows 4.1% in Q4; expands 8.7% in FY22: Govt data

Manufacturing sector contracts in March quarter due to supply disruptions

Stagflationary risk to India quite low compared to other countries: CEA

V Anantha Nageswaran also ruled out recession hitting India, given its macroeconomic fundamentals

India's fiscal deficit improves to 6.7% in FY22 on higher tax mop up

Fiscal deficit at 6.71% of GDP in FY22 as against revised budget estimate of 6.9%, shows govt data

Pax Sinica: How will economics respond to the 'new global order'?

Economics will find a way to include protectionism but building a theoretical case for budget deficits will be much harder

India Q4 GDP: Inflation may have slowed down growth to just 4%, says poll

A Reuters poll predicts India's FY22 GDP growth rate at 8.9 per cent while a Bloomberg survey suggest a growth rate of 8.7 per cent

India Q4 GDP: Inflation may have slowed down growth to just 4%, says poll

Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said

India Q4 GDP: Omicron curbs may have slowed down growth before Ukraine war

In the January-March quarter, the economy likely expanded 3.9%, according to the survey, a performance that will mark the low point of the year

Indian house prices set to rise again despite higher rates, shows poll

A lack of demand has kept India's property market relatively quiet during the pandemic compared with other world markets that rocketed higher as households scrambled to buy more living space