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WPI inflation eases to 10.66% in September due to lower food prices
For the sixth month in a row, WPI inflation stayed in double digits. It was 11.39% in August.
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The ‘feel good’ reason
A few indicators of the economy might provide reason for optimism following a few seasons of overwhelming misery.
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PM Gati Shakti Master Plan launched today
The PM Gati Shakti Master Plan was announced by the Prime Minister in his independence day speech on August 15th 2021
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India is expected to grow by double digits this year: Finance Minister Nirmala Sitharaman
Sitharaman said that the next year's increase would be somewhere between 8% and 9%, with a range of 7.5 to 8.5%.
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Industrial production increases11.9% in August
In the April to August period this year, IIP increased by 28.6%, as against a 25% contraction in the corresponding period last year
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India well placed for rapid recovery: Finance ministry report
Since the covid curbs have been lifted, Indian economy has made a strong comeback, with a majority of economic indices showing signs of improvement
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Finance ministry releases Rs 9,871 crore grant to 17 states
The grants are released as per the recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts
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Consumers have a positive outlook on economy: Report
When it came to overall expenditure, households have reported an increase, due to a higher spending on essential items
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Rural market outperforms urban areas in consumer demand
Rural consumption up 58%, compared to 28% in urban areas
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Impossible to become $5t economy by 2025, says Rangarajan
India's economy was $2.7 trillion in 2019, and by the end of March 2022, the country would be at the same level.
