asia788dewata88Asia788 Maxwinasia788asia788DEWATA88dewata88asia788dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88dewata88asia788virgoBotuna4DBotuna4Dasia788asia788kita99kita99kita99Botuna4Dkita99kita99VIRGOBET88LOTRE4DASIA788kita99kita99kita99kita99kita99kita99wukong138wukong138KAPALSLOTkapalslotVirgobet88pohon4dpohon4dpohon4dAsia788Asia788Asia788kikislotkikislotkikislotSLOTUP88slotup88slotup88dewata88bigo4dbigo4dbigo4dbukit4dbukit4dbukit4dbukit4dvirgobet88maniaslotmaniaslotbigslot288bigslot288danaslot77danaslot77virgobet88sloter88sloter88slotku88slotku88jayabolajayabolajayabolajayabolabukit4dj99slotj99slotslot200slot200kita99gacorboss88gacorboss88gacorboss88Asia788jpslot138jpslot138jinslotrtslotsbungaslotjinslotrtslotsbungaslotransslot88ransslot88dewata88winslotwinslotvegasslot77vegasslot77savayaslotsavayaslotklikwin88klikwin88Asia788Asia788Asia788Asia788Asia788asia788asia788slotwin303gegeslotmacauslotdewata88spaceman asia788gampang panen jpdewata88 rtp slotpola hoki pragmaticslotjamuslotDEWATA88asia788 slot manylinkkomunitas slot gacorslot mantul kita99dewata88 anti kalahslot maxwin dewata88asia788virgobet88virgobet88asia788asia788asia788asia788asia788asia788asia788asia788DEWATA88 Slot Gacor Juara 2023asia788asia788
India's Dec factory output growth at 10-mth low of 0.4% on Covid disruption | WhatsNews4Today

India’s Dec factory output growth at 10-mth low of 0.4% on Covid disruption


India’s growth decelerated to its lowest in 10 months at 0.4 percent in December as the third wave of the pandemic led to lockdowns across the country causing disruptions in economic activities.

Data released by the statistics department showed output contracted 0.1 per cent in December while mining and electricity grew at 2.6 per cent and 2.8 per cent, respectively.

During the month, output of capital goods, consumer durables and consumer non-durables contracted while output of intermediate goods remained almost unchanged compared to their levels a year ago.

The Monetary Policy Committee of the Reserve Bank of India on Thursday kept key policy rates unchanged contrary to expectations of a hike in reverse repo rate, flagging the need to revive and sustain growth on a durable basis.

The MPC flagged the potential downside risks to economic activities from the contagious Omicron variant of Covid-19 and observed some loss of momentum as reflected in high-frequency indicators — such as the purchasing managers’ indices for both and services, and finished steel consumption and sales of tractors, two-wheelers, and passenger vehicles — while adding that the demand for contact-intensive services was still muted.

Citing loss of the momentum of near-term growth while global factors are turning adverse and gradually improving domestic growth drivers, RBI projected the to grow at 7.8 per cent in FY23 against 8-8.5 per cent estimated by the Economic Survey.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

See also  Jio picks up 25% stake in deep tech start-up Two Platforms for $15 million

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor


Source link

Aslantia Saga