Economic Update January 2022

World Bank Report: World Bank (WB) said in its report “Global economic prospects” in January 2022 that the global economy, after rebounding 5.5% in 2021 (its strongest post-recession pace in 80 years) is expected to decelerate to 4.1% in 2022 on account of continued...

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 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

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

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...