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India’s Q1 FY18 GDP rose to 5.7% compared to 6.1% in the previous quarter and 7.9% in the corresponding period a year ago. GVA growth stood at 5.6% unchanged from Q4 FY17.
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India’s eight-core sector output grew by 2.4% in July compared to 0.8% a month ago led by growth in sectors including coal, steel and electricity.
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CPI for the month of August stood 100 bps higher at 3.36% vis-à-vis 2.36% in the previous month as a result of a surge in vegetable prices, impact of House Rent Allowances as well as introduction of GST.
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Industrial growth (IIP) saw a modest expansion of 1.2% in July after contracting by 0.1% in June mainly on account of an expansion in electricity and mining sectors.
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Reaching a four month high, wholesale inflation quickened to 3.24% in Aug-2017 from 1.88% observed in the previous month. Though a surge in food prices continued to be a major influence, a sequential increase in prices of fuel and manufactured products contributed to this uptick.
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