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Economy Managed Well, Says Chief Economic Adviser K V Subramanian. Five Points

As economy grew by 8.4 per cent during the July-September quarter of the current financial year, coming at the back of 20.1 per cent growth seen in the April-June quarter of 2021-22, chief economic adviser K V Subramanian while exclusively speaking to NDTV has expressed hope that owing to prudent fiscal management and the fact that vaccination has proceeded in an excellent manner, India will be able to record healthy growth in future too. ....

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October Services Growth Strongest In Over A Decade, Input Costs Surge

The survey showed Asia's third-largest economy was on a sustained recovery path but rising prices could prompt the Reserve Bank of India to hike interest rates earlier than expected. ....

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Despite COVID-19 curbs, India's April-June GDP growth zooms 20.1% YoY

Despite COVID-19 curbs, India's April-June GDP growth zooms 20.1% YoY
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Service Sector Contraction Unprecedented In Indian History: RBI Report

RBI Annual Report: On the industrial sector, the central bank said that gross value addedgrowth in the industry contracted sharply by 7.4 per cent. ....

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India's services growth slowed to 3-month low in April, input costs soared

(Reuters) - Growth in India s dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed.
The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1.
Firms foresee higher output volumes over the course of the coming year, but business sentiment was dampened by concerns surrounding the pandemic, noted Pollyanna De Lima, economics associate director at IHS Markit. ....

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