State of the Indian Economy & Economy at a Glance – Alerts

October 2018: The economy showed improvement rising 8.0% in 1QFY19 compared to a growth of 7.6% in 4QFY18 with a broad-based improvement across sectors. The rise was driven largely by a significant upswing in industry while agriculture and services also came in at healthy digits. 

September 2018: Growth in FY2019 is estimated to come the 7%+ handle and likely further increase to 7.5%-8% over the next 2-3 years.

June 2018: The economy has started to show signs of growth, rising 7.6% in 4QFY18 compared to growth of 6.6% in 3QFY18 with a broad-based improvement across sectors. The rise was driven largely by a significant upswing in industry while agriculture and mining also recorded strength. 

May 2018: Industrial growth recorded an upswing from 5.8% in 2QFY18 to 6.8% in 3QFY18 derived primarily from a healthy rise in manufacturing and construction. Manufacturing grew 8.1% in 3QFY18 from 6.9% in the previous quarter while construction shot up to a steep 6.8% in 3QFY18 from 2.8% in 2QFY18.

April 2018: Economy has started to show signs of growth, rising 6.7% in 3QFY18 compared to growth of 6.2% in 2QFY18. This was driven largely by a swift rise in industry, especially manufacturing and construction and was further supported by services growth. The services sector grew 7.7% in 3QFY18 from 7.1% in 2QFY18. 

September 2018: India’s CAD is beginning to show signs of surge, having already stretched to 2.4% of GDP in 1QFY2018-19. It is expected that CAD is likely to stretch beyond the 2.5% mark in FY2018-19, largely on account of higher crude oil prices, capital re-routing across emerging markets, and depreciation of rupee.