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IIP The Index for Industrial Production (IIP) has posted a negative growth of (-) 0.4 per cent in October as against a robust 12.2 per cent in the same month last year. However, between April and October, the index had grown by 4.1 per cent compared with 9.9 per cent in the same period in 2007. Foreign [...]

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Inflation rate drops to lowest in six months Inflation dropped to its lowest levels in nearly six months in early November as price levels in the case of both metals and fuels showed a sharp decline. The annual Wholesale Price Index-based inflation rate was at 8.98 per cent during the week ended November 1, sharply below [...]

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Direct tax collections show a rise The Centre net direct tax collections in September 2008 stood at Rs 62,788 crore, showing a growth of 25.51 per cent over the Rs 50,025 crore collected in the same month last year. In the first half of the current fiscal, the Centre net direct tax collections grew by 32.54 [...]

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Gross Domestic Product (GDP) GDP grew at 7.92 per cent in 2008-09 for the first quarter, agriculture with modest performance of 3 per cent, construction and services sectors have shown little moderation with growth at 11.4 per cent and 10 per cent respectively. Index of Industrial Production (IIP) The Index for Industrial Production (IIP) growth was registered at [...]

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GDP India’s GDP at 9.4 per cent was the second fastest growing GDP after China in 2007-08 FDI As per the RBI, India’s actual outbound foreign direct investment (FDI) in 2007-08 was an estimated US$ 17,436 million, an increase of 29.6 per cent over US$ 13,454 million in the previous fiscal Funding Government funding for the research and development in [...]