CPI inflation perhaps rises above 7% once again, while IIP is projected to remain stable

India’s economic growth is accelerating, and after increasing until April 2022, inflation has declined. Mid-September 2022’s monthly macroeconomic data releases are anticipated to continue most of these tendencies world economy is presently experiencing a significant slowdown in growth. Nevertheless, despite some initial signs of a slowdown, average global inflation is still very nearly at its…

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Chips increase and passenger vehicle dispatches increase by 21% in August.

According to the Society of Indian Automobile Manufacturers, increased semiconductor supply and seasonal demand led to a 21% yearly surge in passenger car wholesales in India in August. According to the most recent information provided by the industry group Society of Indian Automobile Manufacturers (SIAM), deployments of passenger vehicles (PVs) to dealers totaled 2,81,210 units…

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Steelmakers operating margin may decrease 14-16% in first half of this fiscal

According to estimates, domestic primary steelmakers’ operating margin will decrease to 14–16% in the first half of the current fiscal year from a decadal high of around 30% for the entire previous fiscal year. According to Crisil Ratings, this decline is the result of increased input prices, reduced realizations, and the introduction of an export…

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First-quarter growth in double digits is predicted as the economy battles through Covid to complete recovery

India is expected to declare that the country’s economy expanded by double digits in the first quarter of its fiscal year, primarily as a result of the base effect but also because of increased demand and consumer spending. Analysts predict that India’s GDP increased by up to 16% year over year in the April–June quarter…

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Weekly Report: Indian benchmark indices lost 1 percent each and also broke the five-week gaining streak

In a highly volatile week, the Indian benchmark indices lost 1 percent each and also broke the five-week gaining streak, amid mixed global cues, rising dollar, and crude oil prices. Buying by foreign investors, however, provided some support on the downside. For the week, the BSE Sensex fell 812.28 points (1.32%) to end at 58,833.87, while…

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