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Tag: gdp data

  • To clear commerce bottlenecks, PM unveils National Logistics Policy

    Prime Minister Narendra Modi on Saturday unveiled the National Logistics Policy and set a purpose to trim the nation’s logistics prices from as a lot as 13-14 per cent of its GDP to a single digit over the subsequent few years.

    The coverage goals to make sure seamless motion of products and companies throughout the nation and lower elevated logistics prices, usually thought of the largest structural bottleneck for each exterior and inside commerce in India.

    Touted as the primary holistic framework for the nation’s $150-billion logistics sector, the coverage is anticipated to assist enhance manufacturing, create infrastructure and spur employment.

    “If we want to be globally competitive, it (achieving the target) is a low-hanging fruit,” the Prime Minister stated, casting the coverage as one of many essential steps in India’s journey in the direction of being a producing powerhouse and a developed nation.

    Modi, nonetheless, was emphatic in stating the necessity for coordinated follow-up motion by each private and non-private sectors to make sure that the coverage serves the supposed function.

    “A policy isn’t an end in itself. It’s a beginning. Policy plus performance is equal to progress. Once the policy is in place, the responsibility of the government and industry goes up,” Modi stated. “I hope goods will move with the speed of a cheetah (due to the efficient implementation of the logistics policy).”

    The new logistics coverage caps eight years of the federal government’s efforts to create a conducive ecosystem within the logistics sector, he stated, including that it’ll complement the PM Gati Shakti nationwide masterplan initiative.

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    Gati Shakti is actually a GIS-based platform with near 1,500 layers, capturing all utilities and community linkages in numerous financial clusters.

    Under this, totally different departments be part of fingers for a coordinated growth of tasks.

    The new logistics coverage has 4 crucial options: Integration of Digital System (IDS); Unified Logistics Interface Platform (ULIP); Ease of Logistics (ELOG); and System Improvement Group (SIG). Under the IDS, 30 totally different programs of seven departments are built-in; these embrace information of the highway transport, railways, customs, aviation and commerce departments.  FE

  • Stock Market Today: Sensex slips almost 400 factors in opening offers, Nifty hovers close to 17,550-mark

    Market Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 0.6 per cent decrease on Wednesday taking cues from their world friends.

    At 9:15 am, the S&P BSE Sensex was down 386.02 factors (0.65 per cent) at 58,810.97 whereas the Nifty 50 was buying and selling at 17,546.80, down 108.80 factors (0.62 per cent).

    On the Sensex pack, the losses within the early commerce had been led by IndusInd Bank, Tech Mahindra, Axis Bank, HCL Technologies, Kotak Mahindra Bank, Reliance Industries (RIL) and HDFC Bank. In distinction, Asian Paints, Nestle India, Hindustan Unilever (HUL), Power Grid, NTPC and ExtremelyTech Cement had been the highest gainers.

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  • Markets settle modestly decrease in risky commerce

    The Sensex and Nifty closed modestly decrease on Tuesday after traders offloaded FMCG, IT and banking shares within the final hour of commerce amid blended world cues.

    The promoting stress emerged in direction of the fag-end of the session.

    After rising over 320 factors in intra-day commerce, the 30-share BSE Sensex pared all positive aspects to settle 48.99 factors or 0.08 per cent decrease at 59,196.99. During the day, it hit a excessive of 59,566.67 and a low of 58,974.26.

    The NSE Nifty additionally slipped 10.20 factors or 0.06 per cent to 17,655.60.

    From the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra, Bajaj Finance and Nestle have been among the many main laggards.

    On the opposite hand, Bharti Airtel, NTPC, Tata Steel, Reliance Industries and Power Grid have been among the many main gainers.

    Elsewhere in Asia, markets in Seoul, Tokyo and Shanghai ended within the inexperienced, whereas Hong Kong settled decrease.

    Equities in Europe have been buying and selling greater in the course of the mid-session offers. The US markets have been closed on Monday.

    “Domestic indices wiped out its early gains to close flat, tracking mixed global cues,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Meanwhile, the worldwide oil benchmark Brent crude declined 2.37 per cent to USD 93.47 per barrel.

    Foreign institutional traders (FIIs) offloaded shares value Rs 811.75 crore on Monday, as per the change knowledge.

    “Nifty failed to capitalise on the early gain as profit-taking happened,” mentioned Rupak De, Senior Technical Analyst at LKP Securities.

  • Stock Market Today: Sensex features over 100 factors in early offers, Nifty above 17,550-mark

    Market Today: The benchmark fairness indices opened on a optimistic be aware on Friday amid combined cues within the world market.

    At 9:21 am, the S&P BSE Sensex was buying and selling at 58,910.72, up 144.13 factors (0.25 per cent) whereas the Nifty 50 was at 17,583.85, up 41.05 factors (0.23 per cent).

    On the Sensex pack, the features within the early commerce had been led by NTPC, Bajaj Finserv, Kotak Mahindra financial institution, Bajaj finance, Power Grid and Axis Bank. On the opposite hand, Maruti Suzuki India and Nestle India had been marginally within the purple.

    On Thursday, the benchmark indices dropped over 1 per cent every. The Sensex fell 770.48 factors (1.29 per cent) to settle at 58,766.59 and the Nifty declined 216.50 factors (1.22 per cent) to shut at 17,542.80.

    Speaking on the Nifty transfer, Deepak Jasani, Head of Retail Research at HDFC Securities stated, “Nifty failed to build on the large gains made on the previous day. Global sentiments have been able to halt the rallies in India over the past few weeks, though the broader market seems positive. 17,696-17,345 could be the band for the Nifty in the near term.”

    Global Market (from Reuters)

    Asian shares had been combined and the greenback stood tall on Friday forward of a key US jobs report as traders braced for extra aggressive charge hikes from the Federal Reserve, whereas commodities took an in a single day dive amid new China lockdowns.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan remained largely unchanged in early Asia commerce, however was headed for its worst weekly efficiency in seven with a drop of three per cent, as rising expectations of hawkish world charge hikes hit dangerous property.

    Japan’s Nikkei and Chinese bluechips had been principally unchanged, Hong Kong’s Hang Seng index eased 0.2 per cent and South Korea gained 0.5 per cent.

  • Markets fall in early commerce amid weak international developments

    Benchmark indices began the commerce on a weak notice on Thursday, dragged down by index majors Reliance Industries, IT and banking counters amid an general weak international markets pattern.

    The BSE benchmark Sensex fell 898.61 factors to 58,638.46 in early commerce. Similarly, the NSE Nifty declined 273.75 factors to 17,485.55.

    From the Sensex pack, Infosys, Tata Consultancy Services, Reliance Industries, HDFC, Tech Mahindra, HDFC Bank, Hindustan Unilever, HCL Technologies and ICICI Bank had been among the many main laggards.

    Bajaj Finserv, Bharti Airtel, Asian Paints and ExtremelyTech Cement had been among the many gainers.

    Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong had been buying and selling decrease, whereas Shanghai quoted within the inexperienced in mid-session offers.

    The US markets had ended decrease on Wednesday.

    The 30-share BSE benchmark jumped 1,564.45 factors or 2.70 per cent to settle at 59,537.07 on Tuesday. The broader NSE Nifty superior 446.40 factors or 2.58 per cent to 17,759.30.

    Equity markets had been closed on Wednesday on account of Ganesh Chaturthi.

    “Domestic equities are likely to drift lower in early trades Thursday, tracking weakness in the Asian pack after the US markets overnight ended weaker,” Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd, mentioned.

    Meanwhile, the worldwide oil benchmark Brent crude declined 2.84 per cent to USD 96.49 per barrel.

    Foreign institutional buyers (FIIs) purchased shares price Rs 4,165.86 crore on Tuesday, as per change knowledge.

  • India GDP Q3 Data: India’s GDP grows 5.4% in Q3, estimated to develop at 8.9% in FY22

    India GDP Q3 Data: India’s Gross Domestic Product (GDP) for the October-December quarter (Q3) grew by 5.4 per cent, whereas the GDP for the whole monetary yr 2021-22 (FY22) is seen rising 8.9 per cent, as per the second superior and quarterly estimates of GDP launched by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday.

    The authorities additionally marginally revised its GDP estimates within the earlier two quarters. According to the newest information, the GDP for the July-September quarter (Q2) grew 8.5 per cent as a substitute of the earlier estimate of by 8.4 per cent and by a pointy 20.3 per cent within the April-June quarter (Q1) as a substitute of the sooner reported 20.1 per cent.

    The GDP development charge was anticipated to come back in decrease than the earlier estimate of 9.2 per cent for FY22, with the Q3 GDP anticipated round 6 per cent. In its first superior estimate launched final month, the federal government had estimated the GDP in FY22 to develop by 9.2 per cent. However, this didn’t replicate the lack of financial exercise in the previous couple of months because of the impression of the brand new variants of the Covid-19 pandemic.

    The Indian financial system had contracted by (-)6.6 per cent within the earlier fiscal (FY21). The FY22 GVA at Basic Prices is estimated at 8.3 per cent, in accordance with the MoSPI information.

    In the third quarter, the manufacturing sector, which had a development of 5.6 per cent in Q2, rose by 0.2 per cent. Apart from this, the agriculture, forestry and fishing sector that grew 3.7 per cent in Q2, rose 2.6 per cent in Q3.

    Source: Data by National Statistical Office (NSO), Ministry of Statistics & Programme Implementation (MoSPI)

    Among the opposite industries, a contraction was seen within the development sector which slipped (-)2.8 per cent in Q3, down from a development of 8.2 per cent in Q2. Apart from this, the commerce, accommodations, transport, communication and companies associated to broadcasting phase rose 6.1 per cent in Q3, down from a development of 9.5 per cent in Q2. (see desk above)

  • India GDP information: Economy grows 20.1% in Q1 FY22

    India GDP Q1 Data: India’s Gross Domestic Product (GDP) for the April-June quarter (Q1) of the continuing monetary yr 2021-22 (FY22) grew by 20.1 per cent, as per the provisional estimates of GDP launched by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.
    The Gross Value Added (GVA) at fundamental costs throughout Q1 of FY22 was 18.8 per cent, towards (-)22.4 per cent within the corresponding quarter yr in the past, the info confirmed.
    The sharp rise in Q1 GDP information might be primarily attributed to a low base final yr. The Indian economic system had contracted by a report (-)24.4 per cent within the corresponding quarter final yr owing to the affect of the nationwide lockdown that was imposed to curb the transmission of the Covid-19, which introduced all non-essential actions to a halt.
    A current Reuters ballot of 41 economists confirmed gross home product rose 20.0 per cent within the three-month interval ended June. Separately, the Reserve Bank of India (RBI) in its financial coverage committee assembly earlier this month had projected the Q1 GDP to develop at 21.4 per cent.
    In worth phrases, the GDP stood at Rs 32,38,020 crore in Q1 FY22, increased than Rs 26,95,421 crore in corresponding interval of FY21 however decrease than Rs 35,66,708 crore in Q1 FY20.
    In the primary quarter, the manufacturing sector, rose by 49.6 per cent towards a contraction of (-)36 per cent a yr in the past, whereas the development sector grew at 68.3 per cent in Q1 FY22 vs. (-)49.5 per cent a yr in the past. The sector of commerce, lodges, transport, communication & companies associated to broadcasting gained 34.3 per cent towards a contraction of (-)48.1 per cent.
    Apart from this, the agriculture, forestry and fishing sector which had grown at 3.5 per cent within the corresponding quarter final yr, grew 4.5 per cent in Q1 FY22, the MoSPI information confirmed. Electricity, gasoline, water provide and different utility companies section grew by 14.3 per cent within the first quarter of this fiscal, towards a 9.9 per cent contraction a yr in the past.
    Source: Data by National Statistical Office (NSO), Ministry of Statistics & Programme Implementation (MoSPI)
    The monetary, actual property {and professional} companies grew by 3.7 per cent in Q1 FY22 in comparison with a contraction of (-)5.0 per cent, whereas public administration, defence and different companies grew at 5.8 per cent, in comparison with (-)10.2 per cent a yr earlier.

  • India This fall GDP Data: India’s GDP grows 1.6% in This fall, contracts 7.3% in FY21

    India GDP This fall Data: India’s Gross Domestic Product (GDP) for the January-March quarter (This fall) grew by 1.6 per cent, whereas the GDP for the complete monetary yr 2020-21 (FY21) got here at (-)7.3 per cent, as per the provisional estimates of GDP launched by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday.
    The authorities additionally revised its GDP estimates within the earlier two quarters. According to the newest knowledge, the GDP grew by 0.5 per cent in October-December quarter (Q3) as a substitute of the earlier estimate of 0.4 per cent. This got here after two consecutive quarters of contraction. The GDP had contracted by -7.4 per cent in July-September quarter (Q2), as per the newest knowledge. It was beforehand revised to -7.3 per cent and initially estimated at -7.5 per cent.
    Prior to Q2, India’s GDP had contracted by a pointy (-)24.4 per cent within the April-June quarter (Q1). This contraction is the worst within the historical past of the Indian financial system, which occurred as a result of a strict nationwide lockdown due to the primary wave of the coronavirus (COVID-19) pandemic.

    In its second superior estimate of the GDP within the earlier quarter, the GDP for the complete FY21 was seen contracting (-)8 per cent.
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  • India GDP Q3 Data: India’s GDP grows 0.4% in Q3

    India GDP Q3 Data: After two consecutive quarters of contraction, India’s Gross Domestic Product (GDP) for the October-December quarter (Q3) grew by 0.4 per cent, as per provisional estimates launched by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
    The GDP had contracted by 7.5 per cent in July-September quarter (Q2) and by a pointy 23.9 per cent in April-June quarter (Q1), the worst contraction within the historical past of the Indian financial system, owing to a strict nationwide lockdown as a result of coronavirus (COVID-19) pandemic.
     
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