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August eight core industries’ declines by 1.8%

The production growth in India’s eight key infrastructure sectors slowed down by 1.8% in August as compared to last year, according to official data released on Monday, September 30. The decline can be attributed to the coal, crude oil, natural gas, refinery products, cement and electricity output. The growth rate stood at 6.1% in July, […]

India’s GST collections rise 10% to ₹1.75 lakh crore in August 

Gross GST collections for August 2024 rose by 10% year-on-year to approximately ₹1.75 lakh crore, according to data released by the government on Sunday, September 1. This is an increase from ₹1.59 lakh crore recorded in August 2023, though it is slightly lower than the ₹1.82 lakh crore collected in July 2024. In August 2024, […]

India’s power consumption declines 4.7% to 144.2 billion units in August

India’s power consumption declined 4.7 to 144.21 billion units (BU) in August compared to the year-ago period, mainly due to the above normal rainfall across the country which reduced the use of cooling appliances like air conditioners and desert coolers. According to the Indian Meteorological Department, the country recorded 287.1 mm of rainfall in August, […]

India’s trade deficit widens in August as exports fall and imports hit record high

India’s overall exports, combining merchandise and services, reached $65.4 billion in August 2024, reflecting a 2.4% decline compared to the $67 billion recorded in the same month last year, according latest data collated by the Commerce Ministry. Merchandise exports took a hit, dropping from $38.28 billion to $34.71 billion. However, services exports saw a slight […]

India wholesale inflation falls to 1.31% in August

The central government released the Wholesale Price Index (WPI) data for August on Tuesday, September 17. The WPI for August was 1.31%, down from 2.04% in July. In June, inflation rose to 3.36%, and 2.61% in May. The government attributed the positive rate of inflation in August to an increase in prices of food articles, […]