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Thursday 2 April 2020

IIP indicates improvement in economy

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In India

Foreigners who attended Tablighi Jamaat at Nizamuddin Markaz to be tried for violating visa rule

Sirf News has accessed from the police the records of many Tablighi Jamaat associates who have returned to or been to the Northeast and non-Muslims who passed through the area and returned to the states of the region

Tablighi Jamaat can’t explain mischief of members after leaving Delhi

While describing the 'difficulty' it faced to transport people out of Delhi, Tablighi Jamaat fails to explain why its associates and affiliates either mingled with people in their respective villages and why many of them just vanished in thin air

New Delhi — The August 2015 Index of Industrial Production (IIP) growth has registered an increase of more than 6% after 34 months. The cumulative IIP growth in the first 5 months in 2015-16 at 4.1% is better than the growth of 3% in the same period last year.

The manufacturing sector has grown 6.9% in August 2015, which has spearheaded industrial production. Double-digit growth in capital goods (21.8%) and consumer durables (17%) in August 2015, helped by a favourable base effect, implies improvement in investment and consumption demand.

The year-on-year inflation as reflected in all India Consumer Price Index (CPI, combined) increased to 4.4% in September 2015 from 3.7% in August 2015. However, it is low compared to 5.6% in September 2014. Inflation based on Consumer Food Price Index (CFPI) in September 2015 (3.9%) is lower than in September 2014 (6.2%).

Inflation continues to be low as per the latest CPI numbers. The industrial growth data is a reflection of recovery in the economy, predominantly led by domestic demand as the external sector environment continues to be sluggish.

The Ministry of Finance has stated that the data on the IIP for August 2015 and CPI’s new series in September 2015 point at a steady improvement in the Indian economy.

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