February 8.... Madan Sabnavis, Chief Economist, Bank of Baroda, said the MPC is likely to maintain

tough times, direct action would be more effective," said Madan Sabnavis, Chief Economist of rating

last week, according to a note by Care Ratings chief economist Madan Sabnavis. The cost of

India’s economy grew in the range of 7-9 per cent in the second quarter( Q2) of the current fiscal year( 2021-22, or FY22), against a contraction of 7.4 per cent in the corresponding period of the previous fiscal year, projected economists and various agencies.... The Q2 gross domestic product( GDP) numbers are slated for release on Tuesday. The economy grew 20.1 per cent in the first quarter of FY22, largely on a very low base of 24.4 per cent contraction a year ago....

Growth of eight core industries fell to 4.4 per cent in September from 11.5 per cent in the previous month due to flat fertilizer production, decline in crude oil output and slow down in expansion of electricity generation.... However, its growth nosedived to 8.6 per cent in the second quarter of the current financial year against 82.1 per cent in the first quarter.... Some slow down in growth was expected since the base effect of the first quarter was quite low. Any slow down in second quarte

Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June.... This is due to a high base effect and positive growth in seven of the eight sectors.... The print for May 2023 has undergone a significant revision to 5 per cent from 4.3 per cent estimated earlier....

Rural demand is expected to get around Rs 11, 000-crore boost from the record kharif harvest along with the marginal hike in minimum support price, according to a report by Care Ratings. The agriculture ministry projects a good crop in the first advance estimates for the kharif season at over 150 million tonnes.... Along with that, the government had also earlier increased the minimum support price( MSP) of all kharif crops by 1-5 per cent with tur, urad, groundnut, jowar and bajra getting the

Reflecting subdued global economic growth, India’s outward foreign direct investment( FDI) fell by 33.3 per cent sequentially to$ 1.21 billion in August, compared to over$ 1.82 billion in July.... After declining for two consecutive months, outward FDI had increased sequentially to$ 1.8 billion in July 2023, compared to$ 1.07 billion in June, marking a rise of 73 per cent.... Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees....

India’s retail inflation inched up to 4.48 per cent in the demand-driven festive month of October from 4.35 per cent in September, reversing the four-month downward trend.... Villages, on the other hand, saw a decline in the rate of price rise in the period, from 4.13 per cent to 4.07.In its latest monthly review, the department of economic affairs under the finance ministry had sounded a note of caution on core inflation, saying it remained sticky.... In October, the inflation rate for person

However, experts and market watchers have concern over final kharif output because the southwest monsoon continues to remain erratic over large parts of Central and Western India despite the recent revival in the rains. Rain in August this year was 24.1 per cent less than the normal.... The latest sowing numbers show that uneven rain has impacted sowing. Till August 27, kharif crops have been sown in 106.40 million hectares of land, which is 1.75 percent less than the area covered during the sa