Economic Update October 2021

Economic Update October 2021

Monsoon picked up in September after a pause in August and has led to good rainfall this year. This has already led to record kharif food grains as per advanced estimates and with water reservoir levels at 80% of full capacity, is expected to boost Rabi production...
Economic Update September 2021

Economic Update September 2021

India’s Gross Domestic Product (GDP) grew by 20.1% in the first quarter of 2021-22, compared to the 24.4% contraction recorded in the same quarter a year ago. The GDP though is still 9.2% lower than GDP in the same period in FY19-20. Manufacturing and construction...
Economic Update August 2021

Economic Update August 2021

Eight core Industries rose 1.1% in June 2021 with ease of localised mobility restrictions as per data released by the industry department. Year-on-year the core sector growth was 8.9% in June 2021. India’s gross GST revenue increased to Rs.1,16,393 crore in July...
Capital Markets Update August 2019

Capital Markets Update August 2019

Government presented Union Budget 2019-20 in July amidst challenging global environment and notable slowdown in GDP growth rate of India. The chief economic advisor has set the goal in economic survey to make India a 5 Trillion $ economy by 2025. Emphasis has been...
Capital Markets Update July 2019

Capital Markets Update July 2019

In wake of IL&FS and banking sector crisis the Indian economy is slowing down its pace primarily due to liquidity crunch. The estimated growth rate of economy has also been revised to 7% from 7.2% in April by RBI. The Indian economy has grown by 6.8 per cent in...