Data shows most indicators are still significantly lower than peak levels
The exit plan from the lockdown is recommended after getting suggestions from a detailed interaction with various states and industry bodies, the letter said.
The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.9 per cent in the April-February period of 2019-20,
Scale became critical because of steadily increasing capital intensity that the new technologies engendered
This is a major contraction considering lower dips of 9.6% and 3.8% in October and November 2019, respectively
October capital goods output down for ninth month
Manufacturing, electricity bring about 0.4% rise in industrial index; country's industrial output had contracted 4.3% YoY that month
The key to boosting growth lies in boosting investments, not consumption
State Bank of India (SBI) joins global agencies such as the ADB, World Bank, OECD, RBI and the IMF in downgrading India's FY20 growth rates
Nomura chief economist Sonal Varma has put the Q2 growth at 4.2 per cent, similar to what SBI has estimated
The Index of Industrial Production (IIP) is now expected to remain muted this fiscal year
State's industrial output had grown 3.2 per cent YoY in June, exceeding the all-India figure of 2% that month
China's survey-based jobless rate rose to 5.3% in February, from 4.9% in December
The index of industrial production (IIP) grew at a two-month low of 1.7% in January, dragged by subdued manufacturing activities, compared to 2.6% in December
Similarly, growth in the infrastructure/construction goods segment also picked up in June at 8.5 per cent, much ahead of the 4.9 per cent seen in the previous month
April data had also been mixed, suggesting a softening in demand
Factory output, measured by the IIP, had expanded by a revised 3.3 per cent in January
It was 5.7% as against contraction of 1.8% in October
IIP had contracted 0.8 % in April, which has been further revised to -1.35%