Experts believe the 7.5 per cent growth in power consumption in the country clearly shows a perk up in economic activities in the first 10 months of this fiscal year.
The Reserve Bank of India s Monetary Policy Committee (MPC) has maintained its stance and kept rates unchanged for the sixth consecutive meeting. Despite expectations for a change in policy stance due to easing core inflation and a fiscally prudent interim budget, the MPC opted to continue with the "withdrawal of accommodation" stance. Economists suggest the RBI may be hinting at delinking its stance with liquidity management. Bond yields initially dipped on expectations of a change in stance
India swiftly recovered from the Covid-19 pandemic, with employment rising above pre-pandemic levels in 2021-22, according to the latest Annual Survey of Industries (ASI). Investment growth also picked up during this period. The ASI measures industrial statistics of registered manufacturing enterprises and provides data on gross value added, output, inputs, invested capital, net income, and profits. The 2021-22 results indicated a sharp recovery in employment, with 17.2 million people employed by enterprises during the fiscal year. The ASI data helps determine the industrial sector s contribution to GDP.