The economy continues to show signs of cooling, with GDP growth decelerating for a seventh consecutive quarter. In the October-December period ? the third quarter of the fiscal year 2011/12 ? GDP increased 6.1% over the same period the previous year, the slowest pace in nearly three years. The reading came in below both the 6.9% expansion observed in the previous quarter and market expectations of a 6.3% increase. The deceleration over the previous quarter was mainly due to slower growth in the manufacturing sector, which moderated to a paltry 0.4% increase (Q2 2011/12: +2.7% year-on-year). Although the finance, real estate and business services sector grew a strong 9.0%, this was still down from the 10.5% expansion recorded in the previous quarter, while the trade, hotels, transport and communication sectors ? which represent nearly a quarter of the overall economy ? slowed to a 9.2% expansion (Q2 2011/12: +9.8% yoy).
Economy expands at slowest pace since 2009
February 29, 2012
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India Economic News
October 17, 2016
Recently-released data related to India’s external sector showed that the trade deficit totaled USD 8.3 billion in September, which was a smaller shortfall than the USD 10.2 billion gap recorded in September 2015 (August 2016: USD 7.7 billion deficit).
October 15, 2016
In September, consumer prices fell 0.23% from the previous month, which followed August’s flat growth.
October 12, 2016
The fall in industrial production moderated in August, after recording the largest contraction since November 2015 in July.
October 5, 2016
Activity in India’s manufacturing sector lost steam in September.
October 4, 2016
The newly facelifted Reserve Bank of India (RBI) decided to ease monetary policy at a scheduled meeting on 4 October, cutting the repurchase rate from 6.50% to 6.25%—an over five-year low.