Indian Economy

ALL-INDIA CONSUMER PRICE INDEX

The All-India Consumer Price Index Number for Agricultural Labourers (Base: 1986-87=100) for the month of December, 2022 remained stationary at 1167 (One thousand one hundred and sixty seven) points and for Rural Labourers increased by 1 point to stand at 1179 (One thousand one hundred and seventy nine) points. The …

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DROP IN INDIAN EXPORTS

December 2022 marked the steepest fall in two years for India’s goods exports, with products worth $34.5 billion shipped out — 12.2% lower than a year ago. This was the second time in three months that shipments dropped year-on-year and top Commerce Ministry officials sought to calm nerves by citing …

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NILGIRI’S HILL TOWN’S TOURISM ECONOMY

Snaking its way up the steep Coonoor slopes, the engineering marvel that is the more than 125-year-old Nilgiri Mountain Railway (NMR) line has become one of the primary drivers of tourism in the picturesque hill district of Udhagamandalam. One of the oldest mountain railway lines in India and among the …

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DPIIT MARKS INDIA’S PRESENCE AT WEF

In line with this year’s WEF theme, “Cooperation in a Fragmented World”, India has reiterated its position as a resilient economy with a strong leadership providing stable policy to the global investors at the World Economic Forum (WEF) at Davos. India’s focus areas at WEF this year are investment opportunities, …

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THE AVERAGE PRICE RISE AND COOLING IN INFLATION

The last month of 2022 capped a year dominated by high inflation headlines on a seemingly amiable note. The average price rise faced by consumers during December slipped to its lowest since November 2021 at 5.7%. Data released on Monday show that wholesale inflation also fell to a 22-month-nadir of …

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INDUSTRIAL OUTPUT REBOUNDED TO 7.1% GROWTH

India’s industrial output bounced back to post 7.1% growth in November 2022, after shrinking 4.2% in October as per revised estimates. The jump was aided by a base effect as November 2021 had clocked just 1% growth, but also marked a 6% uptick in output levels over October 2022, when …

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