Economy

Calling it one of the "negative surprises", the International Monetary Fund (IMF) on Monday sharply cut India's growth estimate for the current fiscal to 4.8 per cent, darkening the economic picture from the rosy 7.5 per cent made this time last year.   The latest cut follows a...
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India's annual rate of inflation based on wholesale prices skyrocketed to 2.59 per cent in December from 0.58 per cent in November, official data showed on Tuesday.   However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and...
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A massive rise in food prices lifted India's December retail inflation to 7.35% from 5.54% in November, official data showed on Monday.   Similarly, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) for December was higher than the corresponding period of last year when...
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The government is likely to opt for auctioning of more cash management bills (CMBs) to meet the debt obligations of government bonds in the next fiscal standing at Rs 3.02 lakh crore to avoid putting pressure on higher borrowings from the market.   Higher market borrowings can impact...
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India’s labour productivity growth, like other nations, came under pressure in the aftermath of the 2008 global financial crisis, especially during FY2011-FY2015 (5.0%). However, it recovered thereafter and grew at 5.8% during FY2016-FY2019. India will have to raise its labour productivity...
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