According to the Ministry of Statistics & Programme Implementation (MoSPI) data, the indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2022 stand at 99.5, 134.3 and 187.4, respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

New Delhi [India], October 13 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter - nine straight months.

New Delhi [India], October 12 (ANI): India's industrial production contracted by 0.80 per cent in August against 2.2 per cent growth recorded in the previous month, as per the government data released on Wednesday.

New Delhi [India], August 12 (ANI): The growth of India's industrial production, measured by the Index of Industrial Production (IIP), declined to 12.3 per cent in June as compared to 19.6 per cent in the previous month, as per the data released by the Ministry of Statistics & Programme Implementation on Friday.

New Delhi [India], June 10 (ANI): India's industrial output growth, as per the Index of Industrial Production (IIP), surged to an eight-month high of 7.1 per cent in April as compared to 2.2 per cent in the previous month, the government data showed on Friday.

New Delhi [India], April 12 (ANI): India's industrial output growth rose marginally to 1.7 per cent in February 2022 from 1.5 per cent in the previous month, the government data showed on Tuesday.

New Delhi [India], February 11 (ANI): India's industrial output growth, as per the Index of Industrial Production (IIP), fell to a 10-month low of 0.4 per cent in December 2021, as per data released by the National Statistical Office (NSO) on Friday.

New Delhi Jan 31 PTI Production of eight infrastructure sectors expanded by 38 per cent in December 2021 against a 04 per cent contraction in the same month last year on better show by coal cement and refinery products according to the official data released on Monday Barring crude oil and steel all sectors recorded positive growth in December 2021 The core sector industries had grown by 34 per cent in November 2021 The growth rate of the eight infrastructure sectors -- coal crude oil natural gas refinery products fertilisers steel cement and electricity -- stood at 126 per cent during April-December this fiscal as against a negative growth of 98 per cent during the same period last fiscal According to the data production of coal rose by 52 per cent natural gas by 195 per cent refinery products by 59 per cent fertilisers by 35 per cent cement by 129 per cent and electricity by 25 per cent in December The output of crude oil and steel declined by 18 per cent and 1 per cent respectively during the period under review Commenting in the data ICRA Ltd Chief Economist Aditi Nayar said We expect the IIP to report a feeble rise of less than 2 per cent on a YoY basis in that month and print below the expansion displayed by the core sector for the fourth consecutive month The eight core industries hold 4027 per cent weight in the Index of Industrial Production IIP PTI RR MR MR

New Delhi Jan 31 PTI With forex reserves of over USD 630 billion and plenty of policy room to deal with the situation India can withstand normalisation of monetary policy by central banks of large economies like the US Federal Reserve the Economic Survey said on MondayThe survey noted that due to accretion of large foreign exchange reserves in recent months vulnerability indicators relating to reserves such as reserves to total external debt reserves to short-term debt residual maturity and reserve cover of imports have shown marked improvement in the first half of the current fiscal vis--vis FY 2014 the taper tantrum yearTaper tantrum phenomenon refers to the situation in 2013 when emerging markets witnessed capital outflows and spike in inflation after the US Federal Reserve started to put brakes on its quantitative easing programme The US Federal Reserve has indicated interest rate hikes and other measures aimed at getting inflation under control It has officially announced the start of its monetary policy normalisation plan Another key vulnerability indicator -- net IIP to GDP ratio -- has declined to - 113 per cent as against - 182 per cent in the said period the survey noted adding the external debt to GDP ratio has also declined since the taper tanrum of 2013 Besides it said India witnessed a current account surplus of 09 per cent in the Q1 of 2021-22 on top of similar surplus in 2020-21 after a gap of 17 years On the other hand it said India experienced the highest ever current account deficit of 48 per cent of GDP in 2012-13 on the back of an equally large deficit of 43 per cent during the previous year 2011-12 Evidently the Indian economy has exhibited greater resilience so far to the current episode of taper In the immediate aftermath of the taper tantrum in 2013 it said India experienced portfolio outflows aggregating to Rs 79375 crore from capital markets including Rs 19165 crore from equity markets and Rs 60210 crore from debt markets during May 23-August 30 2013 The latest announcement of reduction in asset purchases on November 3 2021 by the US Federal Reserve had relatively muted impact on portfolio flows it said adding the total portfolio outflows amounted to Rs 34178 crore comprising Rs 29168 crore from equity markets and Rs 5010 crore from debt markets during the period November-January 20 2022 While acknowledging Indias transformation from being among the Fragile Five countries in the wake of the earlier episode to the 4th largest forex reserve holder during the current episode Indian economy stands guard with an added advantage of plenty of policy room for manoeuvring as the process of normalisation of monetary policy by systematically important central banks takes hold it said In response to the pandemic since June 2020 the US Federal Reserve had been buying USD 80 billion of treasury securities and USD 40 billion of agency mortgage-backed securities each month In late July 2021 the survey said the US Federal Reserve signalled that it would start reducing the volume of its bond purchases later in the yearOn November 3 2021 it said the Federal Open Market Committee unanimously voted to scale back its asset purchases In line with this the Reserve Bank of Australia RBA has also abandoned its yield curve target As yields on government debt climbed the RBA chose not to intervene to defend its target of 10 basis points for debt maturing in April 2024 Bank of Canada has gradually tapered its asset purchases in recent months Thus the long-awaited taper process has commenced by the systemically important central banks renewing thereby an element of interest - within the academia and policy circles - in the potentially destabilising spill-over impact on the emerging market and developing economies as also for India it said PTI DP RAM

New Delhi [India], January 31 (ANI): Capital expenditure for Indian Railways has been budgeted to Rs 2,15,058 crore for the financial year 2021-22 from Rs 1,55,181 crore in 2020-21, said the 2022 Economic Survey tabled in Parliament on Monday.