Dun & Bradstreet and FedEx are pleased to present 'Industry Cursor' - a summary
of the latest updates and highlights across 15 Indian industries.
- Moderating for the third consecutive quarter India's GVA grew by 7.1% (y-o-y) during Q2 FY17 due to a sharp moderation in the growth of the industrial sector which grew by 5.2% (y-o-y) as against a growth of 6% during Q1 FY17.
- The Index of Eight Core Industries grew by 6.6% (y-o-y) in Oct 16, the highest since May 16, on account of significant growth in petroleum refinery products (15.1%).
- The Index of Industrial Production (IIP) declined by 1.9% in Oct 16 as against a growth of 0.7% in Sep 16. While the pace of decline contracted in the mining sector to 1.1% in Oct 16, growth in the electricity sector moderated to 1.1% from 2.4% in Sep 16.
- WPI inflation continued to moderate for the third consecutive month and stood at 3.2% in Nov 16 marginally below 3.4% in Oct 16.
- Retail inflation moderated sharply to 3.6% in Nov 16 and reached a two-year low on account of significant moderation in the food inflation to around 2.6% in Nov 16 from 3.7% in Oct 16.
- Broad Money (M3) moderated to its record low of 8.5% (y-o-y) in Nov 16.
- While aggregate deposits of Scheduled Commercial Banks grew by 15.9% in Nov, the highest since Jul 12, bank credit moderated to its record low of 6.6%.
- Balance of Payments (BOP) recorded a surplus of US$ 8.5 bn during Q2 FY17 as compared to a deficit of US$ 900 mn during Q2 FY16. Current Account Deficit (CAD) stood at 0.6% of GDP in Q2 FY17 as compared to 0.1% in Q2 FY16.
- During Nov 16, the pace of growth in exports declined significantly and grew by 2.3% (y-o-y) to US$ 20 bn as against a growth of around 9.6% (y-o-y) in Oct 16. Imports increased for the second consecutive month in Nov 16, growing by 10.4% to US$ 33 bn after declining since Dec 14.