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Analysis | Is India heading into a stagflation?

India’s retail inflation rose to a nearly 64-month-high of 7.35 per cent in December, rising well beyond the Reserve Bank’s tolerable limit of four per cent (plus, minus two per cent), according to official data released on Monday. On the other hand, the Central Statistics Office has estimated GDP growth in 2019-20 to fall to five per cent.

India’s retail inflation rose to a nearly 64-month-high of 7.35 per cent in December.(AP Photo)

Updated on Jan 14, 2020 12:20 PM IST

Hindustan Times, New Delhi | ByZia Haq

State of Indian economy: Decoding the 5% problem

The June quarter is not an aberration. India’s GDP growth rate has been slowing for five consecutive quarters now. This is only the second instance since December 1999 that the GDP growth rate has fallen for five straight quarters.

Measures announced by the finance minister to boost demand are primarily focused on the auto sector.(MINT File)

Updated on Sep 01, 2019 10:06 AM IST

New Delhi | ByRoshan Kishore

Retail inflation eases to 3.15 percent in July

As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month. Retail inflation is well below the RBI’s comfort level.

The retail inflation based on Consumer Price Index (CPI) was 3.18 per cent in June and 4.17 per cent in July 2018.(AFP file photo)

Updated on Aug 13, 2019 06:20 PM IST

New Delhi | ByPress Trust of India

India must strengthen the credibility of its national statistical system

The non-release or delay of NSS data has happened in the past but this did not emerge in the public domain.

The first step has been taken by the government by releasing the employment data for 2017-18 and providing free access to household level data. The country will watch with hope and anxiety the subsequent steps to strengthen the independence and credibility of national statistical system(Shutterstock)

Published on Jun 24, 2019 08:30 PM IST

ByAmitabh Kundu

Retail inflation spikes to 7-month high of 3.05% in May

The consumer price index (CPI) based retail inflation for April was revised marginally upwards to 2.99 per cent from the earlier estimate of 2.92 per cent, data released by the Central Statistics Office (CSO) showed.s

Retail inflation spiked to a seven-month high of 3.05 per cent in May mainly due to costlier food items, government data showed Wednesday.(Bloomberg File Photo)

Published on Jun 12, 2019 05:59 PM IST

New Delhi | ByPress Trust of India

GDP growth slips to 5.8% in March quarter

India’s economic growth suffered a third straight quarterly fall in the first three months of 2019 to 5.8 percent, according to government figures.

GDP growth for the world’s sixth biggest economy was down from 6.6 percent in the last quarter of 2018.(Reuters file photo)

Updated on May 31, 2019 06:50 PM IST

Mumbai | ByAgence France-Presse

Inconsistencies in MCA-21 data are worrying

Important economic statistics such as GDP numbers are far too important to be used as cannon fodder in political polemics

The debate around the veracity of India’s official gross domestic product (GDP) estimates has been going on for quite some time now(Illustration: Abhimanyu Sinha)

Updated on May 08, 2019 08:47 PM IST

Hindustan Times | ByHT Correspondent

Lok Sabha elections 2019: For Congress’s ₹12k poll promise, fixing household income could be big hurdle

Congress has set a minimum income guarantee line of ₹12,000, akin to a poverty line. The party also assumes that any Indian household should meet this monthly income threshold to escape poverty.

Congress has set a minimum income guarantee line of <span class='webrupee'>₹</span>12,000, akin to a poverty line.(PTI File Photo)

Updated on Mar 26, 2019 09:57 AM IST

Hindustan Times, New Delhi | ByZia Haq, New Delhi

Inflation at 4-month high in February, industrial growth slows down

According to the data released by the Central Statistics Office (CSO), the Index of Industrial Production (IIP) expanded by just 1.7 per cent in January, significantly down from 7.5 per cent growth in the year-ago month.

The CSO, however, revised marginally upwards the IIP growth number for December 2018 to 2.6 per cent from the earlier estimate of 2.4 per cent.

Updated on Mar 12, 2019 09:43 PM IST

New Delhi | ByPress Trust of India

GDP growth 6.6% in Q3, slowest in five quarters

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 7 per cent in October-December quarter of the previous financial year.

According to the statement, GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.(AFP)

Updated on Feb 28, 2019 11:41 PM IST

New Delhi | ByAsit Ranjan Mishra

Retail inflation eases to 2.05% in January, factory output improves

Retail inflation declined from 2.19 per cent in December last year to 2.05 per cent in January this year, according to the data released by the Central Statistics Office (CSO) on Tuesday.

Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore.(AFP file photo)

Updated on Feb 12, 2019 06:04 PM IST

Hindustan Times, New Delhi | ByHT Correspondent

Govt revises GDP growth rate for 2017-18 to 7.2% from 6.7%

Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at ₹131.80 lakh crore and ₹122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17, the CSO said.

Earlier, the CSO in its advance estimate had pegged the GDP growth rate for 2018-19 at 7.2 per cent.(Reuters/ Representative Image)

Updated on Jan 31, 2019 10:36 PM IST

Hindustan Times, New Delhi | ByRoshan Kishore

Over 18 million jobs created in 15 months till Nov 2018: Central Statistics Office report

The study showed that employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, as per EPFO payroll data released earlier this month.

The CSO study said the present report gives different perspectives on the levels of employment in the formal sector and does not measure employment at a holistic level.(HT FIle Photo)

Updated on Jan 25, 2019 05:12 PM IST

New Delhi | ByPress Trust of India

India’s growth to remain in 7-7.5% range in next few years: PM advisory panel

The growth rate can be easily increased by 1 per cent by addressing structural problems through reforms, the council observed during its meeting Friday.

A labourer works at the construction of a residential complex at Noida.(REUTERS)

Updated on Jan 25, 2019 05:54 PM IST

Press Trust of India | ByPress Trust of India

India’s industrial activity likely to remain subdued in near term: Report

India’s industrial activity is expected to remain subdued in the near term, owing to muted domestic demand, weak global economic outlook and uncertainty among businesses over the outcome of Lok Sabha elections, 2019, says a report.

Factory output as measured in terms of the IIP had grown by 8.5 per cent in November 2017.(HT Photo)

Updated on Jan 23, 2019 01:08 PM IST

New Delhi | ByPress Trust of India

India forecasts economic growth at 7.2 per cent in 2018-19

According to the CSO data, the expansion in activities in ‘agriculture, forestry and fishing’ is likely to increase to 3.8 per cent in the current fiscal from 3.4 per cent in the preceding year.

The Gross Domestic Product (GDP) had expanded by 7.1 per cent in 2016-17 and 8.2 per cent in 2015-16.(Reuters)

Updated on Jan 07, 2019 08:43 PM IST

Hindustan Times, New Delhi | ByRoshan Kishore

Ahead of 2019 polls, govt slashes GDP growth data during UPA

Niti Aayog vice-chairman Rajiv Kumar said variation in two sets of numbers was due to the recalibration of data in certain sectors of the economy, including mining, quarrying and telecom.

the Central Statistics Office (CSO) estimated that India’s GDP grew by 8.5 per cent in the financial year 2010-11 (April 2010 to March 2011) and not at 10.3 per cent as previously estimated.(AFP File Photo)

Updated on Nov 29, 2018 08:33 AM IST

New Delhi | ByPress Trust of India

IIP grows at 6.6pc in July as manufacturing, capital goods shine

In terms of industries, 22 out of 23 industry groups in the manufacturing sector showed positive growth during July 2018.

A worker operates a hydraulic press machine at a workshop manufacturing flanges for automobiles in Mumbai.(REUTERS)

Updated on Sep 12, 2018 08:07 PM IST

New Delhi | ByPress Trust of India

India’s retail inflation slows to 9-month low of 4.17% in July

The Central Statistics Office (CSO) data revealed that inflation in vegetables declined by (-) 2.19 per cent last month, compared to 7.8 per cent in June.

Retail inflation fell to nine-month low of 4.17 per cent in July on account of slowdown in prices of vegetables and fruits, said government data released on Monday. The CSO data revealed that inflation in vegetables declined by (-) 2.19 per cent last month, compared to 7.8 per cent in June.(AP File Photo)

Updated on Aug 13, 2018 06:16 PM IST

New Delhi | ByPress Trust of India

Maharashtra is India’s largest waste creator, says new study by Centre

44% of Maharashtra’s waste is generated in Mumbai

Mumbai generates 9,700 tonnes of waste daily.(HT file photo)

Updated on Aug 13, 2018 12:45 AM IST

Hindustan Times | ByBadri Chatterjee, Mumbai

Spending money on garbage

Mumbai is expected to spend around ₹280 crore in the current financial year – almost 1% of its municipal budget – on disposing of its garbage

A garbage pile outside Ram Mandir Railway station in Mumbai in August, 2018.(HT Photo)

Updated on Aug 06, 2018 12:18 AM IST

Hindustan Times | ByManoj R Nair

Retail inflation rises to 4.58% in April, reverses declining trend

The inflation based on Consumer Price Index (CPI), a key data factored in by the Reserve Bank while deciding interest rate, was 4.28% in March.

Inflation in the fruit basket was higher at 9.65% compared to 5.78% in the previous month.(AP FIle Photo)

Updated on May 14, 2018 08:19 PM IST

PTI, New Delhi | ByHT Correspondent

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