The IIP numbers for the month of March 2017 came in slightly better than expected. Remember, IIP numbers are normally announced with a 1-month lag as compared to CPI and WPI numbers. Here are some of the key takeaways from the IIP numbers that were announced for the month of March 2017… Key Takeaways from …
The Federal Open Market Committee (FOMC) on 14th June 2017 announced a 25 basis points hike in the Fed rate. This takes the overall Fed rate to the range of 100-125 basis points. There was not much of a surprise element in the decision as the CME Fed Watch Tool was already indicating a 95% …
The CPI (retail inflation) announced for the month of April 2017 came in sharply lower at 2.99% compared to 3.89% for the month of March 2017 and overall CPI inflation at 5.47% in the corresponding April last year. This sharp fall in CPI inflation has also been driven by a very sharp fall in food …
The Federal Reserve made public the minutes of its June meeting earlier in the week. The minutes of the Fed meet were much awaited. While it was already clear that the Fed would hike the rates once more in 2017 and thrice more in 2018, the markets were actually looking for greater clarity on the …
When the NDA government assumed power 3 years ago in the summer of 2014, India’s FDI flows were $36 billion. Over the last 3 years, India has emerged as the largest recipient of FDI flows, pushing China to the second place. For the financial year 2016-17, total FDI flows into India was at $60 billion …
The government has gone ahead and announced a comprehensive National Steel Policy (NSP) 2017 outlining its vision for steel industry in general and facilitating the steel companies in particular. While the government has been supporting the steel industry over the last one year through import quotas and minimum import price (MIP) to protect them from …
The Purchase Manager Index (PMI) for the month of June 2017 came in slightly above the 50 mark in case of the PMI Manufacturing, although it was comfortably above the 50 mark in case of PMI services. The PMI of manufacturing and Services had taken a sharp hit in the immediate aftermath of the demonetization …
The trade data for the month of April announced on May 15th presented a mixed bag for the Indian economy. While exports have growth a tad faster, the bigger worry is on the growth of imports. The trade deficit for the month has also widened very sharply and that will have a bearing on the …
Success, especially in businesses has traditionally been attributed to well-planned action. A well-thought plan and its implementation is then documented in full detail, with the intent of replicating the same model for begetting the same results. Digital, on the other hand, is a concept synonymous with innovation and change. In the digital world, technology advances …
The core sector numbers for the month of May 2017 were announced on June 30th. The core sector forms an important part of IIP calculation as under the new series it constitutes nearly 40.2% of the overall IIP composition. The core sector essentially consists of 8 core sectors that form the backbone of economic growth …
