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Economy - News & Views

We are regularly publishing a Review of the Economy in our monthly statistical Bulletin E-UpDates. Email us at ecofin.surge@gmail.com to get your copy now.


     

Moody's Upgrade India's sovereign bond rating after 14 years

-the rationale

Moody's Investors Service has upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. Moody's has also raised India's long-term foreign-currency bond ceiling to Baa1 from Baa2, and the long-term foreign-currency bank deposit ceiling to Baa2 from Baa3. The short-term foreign-currency bond ceiling remains unchanged at P-2, and the short-term foreign-currency bank deposit ceiling has been raised to P-2 from P-3. Read More
 
Government's Rs . 2.11 trillion bank recapitalisation— Sufficient to cover stressed assets but no quick fix

The government, the largest shareholder will recapitalise the banks it owns by infusing an unprecedented amount of Rs. 2.11 trillion (US$32 billion), of which Rs. 1.35 trillion will be through recapitalisation bonds. Infusion of capital would help to fast-track the resolution of non-performing assets (NPAs) and take Indian PSBs closer to global capital adequacy norms. The move is expected help economic recovery with the revival of flow of credit to business and industry, and particularly foster medium and small industries growth and employment generation. Read More


O
ur November-2017 issue of E-UpDates has already been published

EUpDates - A Monthly Statistical e-Bulletin
Indian & Global Economic and Financial Market Indicators
Over 30 Monthly & Daily Data Series in Tables and Charts. Rs. 3600 per year






Economy - Indicators
  
Indian Economy
GDP
5.7% - Q1, 2017-18
6.1% - Q4, 2016-17
7.1% - Q3, 2016-17
7.3% - Q2, 2016-17
7.1% - Q1, 2016-17
7.6% - 2015-16
7.3% - 2014-15

IIP


Revised All-India IIP
September-2017 : 3.8%
August-2017 : 4.3%
July-2017 : 1.88%
Annual Growth 2016-17: 5.0%
  #:Base 2011-12=100
WPI Inflation(%)
(All Commodity)
October-2017 : 3.59%
September-2017 : 2.60%
August-2017 : 3.24%

CPI Inflation(%)
New Series
3.28% (All India); 3.15% (Rural Areas); 3.44% (Urban Areas)
Provisional
         (September, 2017)
Interest RatesCRR: 4.00% p.a (wef  9 February, 2013)
MSF Rate: 6.50% p.a.

Reverse Repo Rate: 5.75% (wef  2
August, 2017
)

Repo Rate: 6.00%
(wef  2 August, 2017)
CMR/CBLO
: 6.05/6.18 (August 03, 2017)
Exchange Rate65.28 (Dollar), 76.76 (Euro),
85.82 (Pound) , 57.73 (Yen)
[Nov 13,  2017 to Nov 17, 2017, weekly average]
Updated on 20 November, 2017
See Terminology section for explanations and notes.


 Global Indicators on  02 November, 2017


Global Economy

US
UK
Euro
Japan
China
GDP
2.2
Q2, 2017
1.5
Q3, 2017
2.3
Q2, 2017
1.2
Q2, 2017
6.6
Q3, 2017
CPI
2.2
Sep, 2017
3.0
Sep,2017
1.5
Sep,2017
0.6
Aug, 2017
1.6
Sep, 2017
IIP
1.6
Sep, 2017
1.6
Aug,2017
3.8
Aug,2017
5.3
Aug, 2017
6.6
Sep, 2017
Emp
4.2
Sep,2017
4.3
Jul, 2016
9.1
Aug, 2017
2.8
Aug, 2017
4.0
Q2, 2017
Emp : Unemployment Rate
Updated on 02 November, 2017






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