Economic Update December 2021

GDP: Indian economy grow 8.4% in Q2FY22 (July-September quarter) year-on-year, crossing pre-pandemic levels. Country’s GDP increased 0.3% from that of FY20. This is a very good sign of development and means that India may have double digit growth rate in FY22. At the...

Economic Update November 2021

The Index of Industrial Production (IIP) slipped to 3.1% in September after witnessing a growth of 11.9% on August 2021. While the slippage was mainly due to the waning low base effect, setbacks in automobiles sector due to chip shortage and electronics sectors were...