New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.“High growth of intermediate goods at 7.7 per cent, infrastructure/construction goods at 7.1 per cen…
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New Delhi, June 1 (IANS) India’s industrial production clocked a 4.9 pc growth in April this year, compared to the same month of the previous year, propelled by a robust growth in the manufacturing sector, according to the new series data with base year 2022-23 released by the Ministry of Statistics on Monday.The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted an impressive 6.2 per cent growth during April compared to the sam…
Washington, May 6 (IANS) The United States trade deficit widened in March as imports outpaced exports, even as the American goods gap with India narrowed compared to the same period last year, according to official data.The US Census Bureau and the Bureau of Economic Analysis said the overall goods and services deficit rose to $60.3 billion in March, up $2.5 billion from a revised $57.8 billion in February.US exports in March stood at $320.9 billion, an increase of $6.2 billion from February, wh…
New Delhi, March 30 (IANS) India’s industrial production clocked a 4.1 per cent growth in March this year compared to the same month of the previous year, propelled by the manufacturing and mining sectors, according to data released by the Ministry of Statistics on Tuesday.The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a 4.3 per cent growth during March compared to the same month of the previous year. The sector plays a ke…
New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…
Washington, April 3 (IANS) The White House said that new trade agreements, including with India, have helped rebalance global trade and reduce US deficits under Donald Trump’s tariff strategy.Marking one year since what it calls “Liberation Day”, the White House said the US economy is now more resilient, competitive and secure.“One year ago today, President Trump threw away the illusions of ‘free trade’ to finally put Americans and America First,” White House spokesman Kush Desai s…
New Delhi, March 30 (IANS) India’s industrial growth, based on the Index of Industrial Production (IIP), accelerated to 5.2 per cent in February this year, up from 4.8 per cent in January, propelled by a strong growth in the manufacturing sector, according to data released by the Ministry of Statistics on Monday.The manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), posted a robust 6 per cent growth during February compared to the same…
New Delhi, March 10 (IANS) India Inc delivered robust performance in Q3 FY26, with net sales rising 11.4 per cent following 10 per cent growth in the prior quarter, a report said on Tuesday.Though net sales grew at a healthy pace, the growth in operating profit moderated to 12 per cent in Q3 FY26 from 15.7 per cent in the previous quarter, weighed by rising expenditure of the companies.The overall expenditure rose by 11.2 per cent in Q3, up from 8.7 per cent in the previous quarter, the report f…
New Delhi, March 2 (IANS) The Index of Industrial Production (IIP) recorded a 4.8 per cent year-on-year growth in January, supported by 4.8 per cent growth in manufacturing sector and 5.1 per cent growth in electricity sector, the Ministry of Statistics and Programme Implementation said on Monday.The Quick Estimates of IIP stands at 169.4 against 161.6 in January 2025. The Indices of Industrial Production for the mining, manufacturing and electricity sectors for the month of January 2026 stood a…
Mumbai, Feb 26 (IANS) Foreign institutional investors (FIIs) logged their highest inflow in 17 months in the month of February, recording net inflows of about $2.44 billion, as per exchange data on Thursday.FIIs bought nearly $2.14 billion in secondary markets and $299 million in primary markets in February, posting the largest monthly net purchase since September 2024.Primary market buying by FIIs has been steady since October 2023 but between January 2024 and December 2025, cumulative secondar…