Indicators
DPIIT seeks industries’ monthly production data since Apr’22 for IIP
The DPIIT has requested manufacturing units to submit monthly production statistics from April 2022 to rebase the Index of Industrial Production to 2022-23. India's industrial production growth slowed to 3.2% in December 2024, with manufacturing expected to grow at a reduced rate in FY25.
From nutritious food, health insurance premiums to clean air & potable water, here are five essential things turning dearer
India's inflation is affecting essentials like nutritious food, health insurance premiums, waste management fees, clean air and water, and skilled labor costs. Prices of vegetables, fruits, and dairy are rising, insurance premiums have increased, municipal corporations impose waste disposal fees, clean air and water costs are up, and there is a shortage of skilled labor causing higher wages.
India's food inflation likely falls below 5% in Feb for the first time since June 2023: Union Bank of India
India's food inflation likely dropped below 5 per cent in February 2025, a first since June 2023, mainly driven by falling vegetable prices. Overall retail inflation is estimated to have slowed to 3.94 per cent, providing relief to consumers and policymakers.
Credit growth slows, still outpaces deposits: RBI data
Credit growth continues to surpass deposit growth, albeit both have slowed, with bank deposits at Rs 222 lakh crore and credit at Rs 179.9 lakh crore as of February 21. Slower deposit growth and tightened lending norms have influenced this trend. Retail loans and NBFC lending have declined, prompting credit rating firms to revise credit growth estimates downward.
India's retail inflation may ease to 4.1% in February, food prices remain a concern: BoB Report
India's consumer price inflation (CPI) is projected to decline to 4.1% by February 2025, driven by falling vegetable prices and reduced milk costs. However, risks like higher global edible oil prices, tariff policies, and extreme weather conditions could still elevate food prices. Monitoring temperature impacts on crops and improving logistics may help stabilize prices.
Maharashtra economy to grow at 7.3 per cent in 24-25; agri sector to expand by 8.7 per cent
Maharashtra's economy is projected to grow by 7.3% in 2024-25, outpacing India's 6.5% growth rate. The state's per capita income is expected to rise to Rs 3,09,340. Agriculture and allied activities, industry, and services sectors are expected to see significant growth.
Falling global crude to soften inflation blow from weak rupee
India's central bank may have room for monetary easing due to the faster decline in global crude oil prices counterbalancing the rupee's fall against the US dollar. The falling price of Brent crude mitigates imported inflation risks, potentially easing consumer prices and supporting further rate cuts by monetary authorities.
India's economic growth pegged at 6.5% for FY26 despite Trump tariff threat: Crisil
India is expected to maintain a steady 6.5% GDP growth in FY 2026, aided by normal monsoons and soft commodity prices. Key drivers include improved manufacturing, reduced inflation, tax benefits, and strong urban demand. Ongoing infrastructure development and economic reforms provide resilience amid global uncertainties.
RBI's record $77.5 billion short positions may impact rupee liquidity and forex reserves
The Reserve Bank of India (RBI) holds a record $77.5 billion in net short dollar positions, which may need to be rolled over to avoid affecting rupee liquidity. Managing the maturity of these positions is crucial as any unwinding could impact foreign exchange reserves, currently at $640 billion, and the credibility of the spot reserve number.
India's services sector sees strong growth in February with rising demand, job creation
India's services sector saw improved growth in February, driven by increased domestic and international demand, leading to higher output and job creation. The HSBC India Services PMI Business Activity Index rose to 59, indicating a significant expansion, with global demand playing a major role in output growth.
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UP economic growth outpaces national average: CM Yogi
Uttar Pradesh's economic growth has surpassed the national average, with its GSDP increasing by 11.6% in 2023-24. CM Yogi Adityanath emphasized the budget's role in ensuring development reaches all areas, noting a significant rise in per capita income and strong financial discipline without imposing new taxes. This budget highlights UP's transformation into a fiscally responsible, investment-friendly state.
Budget 2025-26 paves the way for a strong workforce; growing economy: PM Modi
Addressing the post-budget webinar on employment via video conferencing on Wednesday, PM Modi said investments have been prioritized equally across infrastructure, industries, people, economy, and innovation. Theme of the webinar, “Investing in People, Economy, and Innovation” defines the roadmap for a Viksit Bharat and serves as a blueprint for India’s future, he said.
Robust demand propels India's services sector growth in February, PMI shows
India's services sector growth accelerated in February due to strong demand and a positive business outlook, leading to significant hiring. The HSBC services PMI rose to 59.0 from January's 56.5. Global demand boosted output growth, and employment expanded. Despite a four-month low in cost price inflation, charge inflation increased. Composite PMI also rose, reflecting overall economic resilience.
India home prices to climb faster than inflation this year, rents even more: Reuters poll
India's home prices and rental costs are projected to surpass consumer inflation this year. Rising prices combined with slower economic growth and stagnant wages are making homeownership unattainable for many, especially first-time buyers. Government intervention is seen as crucial to increase the supply of affordable housing in major cities.
Lose weight now! India's economy paying the price for your beer belly
China, India, and the US will face significant health and economic challenges by 2050, with over 3.8 billion adults projected to be overweight or obese. The rising obesity rates could severely impact India's economic growth and workforce productivity, necessitating urgent lifestyle and dietary interventions.
Growth in NREGS work demand loses pace in February
Work demand for the MGNREGA scheme saw a significant deceleration in February, rising just 1.5% year-on-year due to improved economic activities offering better employment opportunities. Despite a strong rural consumption and an impressive kharif harvest, NREGS demand from individuals and households sequentially dropped.
