Economy News

Fitch cuts Indias GDP growth forecast for FY20 on weak momentum

Fitch also slashed GDP growth forecast for current fiscal ending March 2019 to 6.9% from 7.2% projected in the Dec...

India Infoline News Service | Mumbai 12:12 IST | March 22, 2019

GST Council approves transition plan for new tax rates for realty sector

Accordingly, the council has decided that builders can pick between paying 12% for non-affordable houses with ITC ...

India Infoline News Service | Mumbai 08:08 IST | March 20, 2019

Indias trade deficit narrows to $9.59bn in February

The trade deficit shrank to a 17-month low in February. The previous low for the trade gap was $9.4 billion in Sep...

India Infoline News Service | Mumbai 15:00 IST | March 16, 2019

GDP growth slows - What are the major pain points?

GDP for the third quarter came in lower than the previous two quarters at just 6.60% on the back of weakening trad...

India Infoline News Service | Mumbai 07:13 IST | March 16, 2019

WPI Inflation rises to 2.93% in February

The rate of inflation based on WPI Food Index consisting of Food Articles from Primary Articles group and Food Pro...

India Infoline News Service | Mumbai 12:15 IST | March 14, 2019

Jan IIP at 1.7%; Feb Retail inflation up by 2.57%

Industrial production growth for the month of January 2019 fell to 1.7% as against 2.4% for the month of December....

India Infoline News Service | Mumbai 18:12 IST | March 12, 2019

Hiring activity grew 16% YoY in February this year: Naukri

In the month of February 2019, hiring in Chennai was up by 30%, likewise Bangalore was up by 19%, Pune by 25% and ...

India Infoline News Service | Mumbai 12:52 IST | March 12, 2019

Total nonfarm payroll employment changes little in February

The unemployment rate declined by 0.2% point to 3.8% in February,and the number of unemployed persons decreased by...

India Infoline News Service | Mumbai 09:54 IST | March 09, 2019

Nikkei India Services PMI at 52.5 in February

Economic conditions in Indias dominant service sector remained positive in February with a quicker expansion in ne...

India Infoline News Service | Mumbai 10:38 IST | March 05, 2019

Nikkei India Manufacturing PMI rises to 14-month high in February

The health of the Indian manufacturing sector strengthened further in February, with a sharp and accelerated incre...

India Infoline News Service | Mumbai 10:40 IST | March 01, 2019

Eight Core Industries at 1.8% in January

Coal production increased by 1.7% in January, 2019 over January, 2018. Its cumulative index increased by 7.1% duri...

India Infoline News Service | Mumbai 19:02 IST | February 28, 2019

Indias Q3 GDP grows at 6.6% vs.7.1% in Q2

The domestic economy had grown 8.2% in the first quarter, logging 7.6% for the first half....

India Infoline News Service | Mumbai 18:31 IST | February 28, 2019

India's October-December quarter GDP at 6.6%

The real GVA at Basic Constant Prices (2011-12) is anticipated to increase from Rs121.04 lakh cr in 2017-18 to Rs1...

India Infoline News Service | Mumbai 18:28 IST | February 28, 2019

Hiring activity up 15% in January 2019 as compared to January 2018: Naukri

In the month of January 2019, hiring in Chennai was up by 24%, likewise Bangalore was up by 27%, Pune by 22% and H...

India Infoline News Service | Mumbai 14:31 IST | February 28, 2019

Higher Sugar MSP incrementally positive, but domestic surplus situation remains an overhang: Ind-Ra

Despite this, Ind-Ra opines that the sector outlook remains negative for non-integrated sugar companies on account...

India Infoline News Service | Mumbai 15:19 IST | February 25, 2019

RBI to merge 3 categories of NBFCs to create a new category

The RBI has decided to merge the three categories of NBFCs viz. Asset Finance Companies (AFC), Loan Companies (LCs...

India Infoline News Service | Mumbai 08:25 IST | February 25, 2019

GST rates cut is a major dampener for homebuyers: Honey Katiyal

The recommendations of the GST Panel to reduce the GST rate from 12% to 5% for the general category, and from 8% t...

India Infoline News Service | Mumbai 08:20 IST | February 25, 2019