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...

Economic Update May 2021

Department of Economic Affair has stated that that the rapid resurgence in Covid-19 cases, especially in India, has moderated the momentum of economic recovery. The IIP (Index of Industrial Production) data showed that manufacturing Index was at its highest in last 15...