Combined CPI
Combined CPI inflation witnessed controlled pressures from the food basket coming in at 3.69% for Aug-18 compared to 4.17% for the previous month. Consequently, core inflation decelerated to 5.87% compared to 6.28% previously
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Industrial production July-18
Industrial production for the month of July-18 stood at 6.6% slightly lower than revised estimate of June-18 at 6.8%(previously 7.0%). Nonetheless, sequential momentum noted expansion in Electricity (1.4%) while Manufacturing and Mining sectors contracted by 0.5% and 8.8% respectively
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Wholesale Price
Wholesale Price Index came in at 4.53% as against 5.09% in the July mainly due to a moderate rise in prices of primary articles as well as a favourable statistical base. At the same time, June WPI print was revised downwards to 5.68% from 5.77% previously.
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Surpassing market expectations
Surpassing market expectations, India’s Real GDP for Q1 FY19 stood at 8.2%, better than 7.7% growth seen in the previous quarter. Correspondingly, Nominal GDP surged to 13.8% in Q1 FY19 on back of strong growth in private consumption and investment. India’s Real GVA growth for Q1FY19 stood at 8.0% compared to 7.6% in the previous quarter.
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