ECONOMY


India's manufacturing sector dipped to a three-month-low of 55.1 in September 2022, against August's 56.2 and in face of estimates of 55.8, but still logged the 15th straight month of rising factory activity, despite global headwinds and increasing recession risks, as per the S&P Global India...

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Moneylife Digital Team 30 September 2022
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Friday increased the repo rate by 50 basis points (bps) to 5.90%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.65% and the marginal standing facility (MSF) rate and the bank...

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IANS 24 September 2022
More than one in two senior business executives globally (59 per cent) believe there will be a recession in the coming year, according to an IDC survey.   Moreover, nearly 30 per cent of those who believe a recession will occur also believe that we are currently in a recession, with...

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IANS 23 September 2022
The Reserve Bank of India (RBI) now has little option but to let the rupee slide gently - the rupee is down 9.6 per cent YTD even as DXY has appreciated nearly 20 per cent, probably the fastest rise on record, Emkay Global Financial Services said in a report.   The RBI has expended...

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IANS 16 September 2022
The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley.   "We were earlier expecting a 35bp increase,however, sticky inflation and...

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Moneylife Digital Team 13 September 2022
Domestic financial markets have seen significant volatility this calendar year, driven mainly by war-induced shocks and monetary policy tightening by central banks. CRISIL's financial conditions index (FCI), which indicated a tightening trend in domestic financial conditions since October...

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IANS 12 September 2022
India's retail inflation in August 2022 rose to 7 per cent, up from 6.71 per cent in July, mainly due to high food prices, according to data released by the Ministry of Statistics and Programme Implementation.   Food inflation for August stood at 7.62 per cent, a steep rise over 6.75...

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IANS 12 September 2022
As per the National Health Accounts report released on Monday, the total health expenditure (THE) on the country has been estimated at Rs5,96,440 crore which translates into 3.16% of GDP and Rs4,470 per capita for the year 2018-19.   The total health expenditure constitutes current...

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IANS 01 September 2022
India's economic growth rose to 13.5% in the first quarter of the current fiscal (2022-23), a huge jump from 4.1% growth recorded in the final quarter of 2021-22.   However, experts said that the GDP growth number was lower than what the market had expected earlier.   This is...

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India's wholesale inflation came down to 13.93 per cent in July, data released by the Ministry of Commerce & Industry showed on Tuesday.   The wholesale price index (WPI) had spiked to 15.18 per cent during the month of June. The WPI in July 2021 was at 11.57 per...

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India's headline retail inflation rate, as measured by the Consumer Price Index (CPI), eased to 6.71% in July, as compared to 7.01% in June, according to the data released by the Ministry of Statistics and Pragramme Implementation.   Easing inflation can be attributed to price cuts on...

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Moneylife Digital Team 05 August 2022
As expected, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) has decided to increase the repo rate by 50bps (basis points) to 5.40%. Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.15% and the marginal standing facility (MSF) rate and the...

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Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all-India average inflation rate is highest at 6.82% in current year 2022.   As per the government data, the average inflation was 6.65% in 2014, came...

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Moneylife Digital Team 01 August 2022
India's headline inflation, typically, follows movements in food inflation, as food occupies a 39% share in the average consumer's basket. The least-bothersome component of the consumer price index (CPI) past year—food prices—is, thus, threatening to undermine the Reserve Bank of India's...

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With the global economic growth slowing, Morgan Stanley in its research report has revised India's gross domestic product (GDP) growth estimates to 7.2% in FY22-23 from 7.6% and 6.4% for FY23-24 from 6.7%.   According to the report, the consumer price index (CPI) to average 6.5%,...

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On 7th July, a front-page story in The Economic Times pointed out that almost US$268bn (billion) worth of external debt is due for repayment in the next nine months and contextualised this number as about 44% of India's foreign exchange reserves. The article opined that the rupee was clearly...

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The WPI-based inflation declined marginally in June to 15.18 per cent against 15.88 per cent in May, due to a dip in prices of manufactured products but those of primary articles and fuel and power still edging up, an official statement said on Thursday.   The high rate of inflation...

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Moneylife Digital Team 05 July 2022
The CRISIL Ratings annual default rate stood at 2.2% for fiscal 2022; the second straight time it has been low after 2.0% in fiscal 2021. That is nearly half the 4.1% average of the past decade. However, the default rate could increase, going forward, as pandemic-induced relief measures are...

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On 10th June, US inflation was at 8.6% for May, which is a new 40-year high, causing markets in the US as well as India to crash. On 15th June, the US Federal Reserve (Fed) hiked interest by as much as 75 basis points (bps) at one go, but the hike did not generate the required confidence that...

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India's wholesale inflation, gauged by the wholesale price index (WPI), with base year as 2011-12, rose to a record high of 15.88% in May 2022 from 15.08% in April, official data revealed on Tuesday.   The wholesale inflation has been in double digit for over a year now.   The...

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