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IIP growth recedes

February 17, 2011 Leave a comment

Industrial growth nosedived to a 20-month low of 1.6% in December 2010. This was mainly due to a contraction in capital goods, consumer non-durables and manufacturing sector as a whole.

The deceleration came in spite of a 6.6% growth in production of core infrastructure industries — which account for 26% in the IIP. Read more…

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Categories: Macro economics

Banker to India’s growth

November 8, 2010 Leave a comment

Amol Agrawal has written a nice piece on How is India financing its growth?

A recommended read.

RBI’s post policy concall transcript

November 8, 2010 Leave a comment
Categories: Banking, Macro economics

Monthly Economic Report for July 2010

August 24, 2010 Leave a comment

The Ministry of Finance released its monthly economic report for July 2010. link

What will be impact of fuel price hikes in India

The Empowered Group of Ministers (EGoM) finally mustered up the courage to free fuel prices from the administered price mechanism (APM), in spite of huge political pressure.  In April 2002, the government had completely dismantled the APM. However, due to a surge in crude oil and petroleum product prices since then, the government had to again take control. Regulation of petroleum prices resulted in huge losses for three entities. These include the upstream oil companies (namely ONGC, Oil India), the petroleum refining & marketing companies (including IOCL, HPCL & BPCL) and the government. The government subsidised the essential petroleum products in the form of cash or oil bonds to PSU petroleum refining companies.

The panel of ministers said petrol prices would be market driven, rising Rs 3.50 per litre, while kerosene prices would rise by Rs3 a litre. Diesel prices will rise Rs 2 per litre and will be freed up in the future. Cooking gas prices were raised by Rs 35 a cylinder. Read more…

India’s Core Inflation

April 29, 2010 Leave a comment

Inflation has been a key area of concern for policymakers in India. The RBI takes various policy measures keeping the inflation and its expectation in mind. Measures taken by the RBI also have an impact on the performance of the industries. 

RBI in its monetary policy has mentioned two types of inflation. One, is the headline inflation and the other is the core inflation. Mostly economics, a blog by my colleague gives an insight in to these concepts and their application.

Categories: Macro economics