GoI releases First Advance Estimates: GDP Growth Rate predicted as 5%

On January 7, 2020, the CSO (Central Statistics Office) operating under Ministry of Statistics and Programme implementation released the first advance estimates of GDP number for the fiscal year 2020. The numbers are in line with the predictions of Reserve Bank of India Highlights According to the report, the GDP growth is estimated at 5% ..

Month: Current Affairs - January, 2020

Category: Economy & Banking Current Affairs

Topics: Core Sector Growth • Core Sectors • CSO • Eight core sectors • GDP Growth Rate • IIP • Ministry of Statistics & Programme Implementation

Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to contraction in coal, crude oil, natural gas and refinery products. These eight sectors had expanded by 7.3% in July 2018. Moreover, it has declined by 6.2% during ..

Month: Current Affairs - September, 2019

Category: Economy & Banking Current Affairs

Topics: Coal • crude oil • Economic Slowdown • Eight core sectors • IIP • Index of Eight core sectors • Ministry of Commerce • Natural Gas • refinery products

Update – Performance of Eight Core Industries (May, 2019)

In a report released by the Ministry of Commerce & Industry, the Eight Core Industries Index (ICI) of the Indian Economy has registered a significant improvement of 5.1% in May 2019. However, this is lesser than April 2019 in which a significant revision of coal, cement, crude oil, steel, and electricity production improved its growth ..

Category: Economy & Banking Current Affairs

Topics: Coal • Economy • Electricity • IIP • Industry • Natural Gas • Refinery

Industrial production growth slows to 1.7% in January 2019

The Central Statistics Office (CSO) has released the data for the Index of Industrial Production (IIP) for the month of January. The IIP data shows that: Industrial output growth stood at 1.7 per cent in January against the 2.6% growth recorded in December 2018. The CSO has revised the industrial production growth for December 2018 has ..

Month: Current Affairs - March, 2019

Topics: capital goods • Central Statistical Office • CSO • IIP • Index of industrial production • Mining • Primary Goods

Growth Rate in the Core Sector witnesses Decline

The growth rate eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a decline as per the data from the Ministry of Commerce and Industries. Reduced growth rate of Core Sector The core sector which had witnessed a 6.2% growth in January 2018 witnessed a growth ..

Month: Current Affairs - March, 2019

Topics: Cement • Coal • Core sector • crude oil • Electricity • fertilisers • IIP • Index of industrial production • Ministry of Commerce and Industries • Natural Gas • refinery products • Steel