IIP
The growth in the output of eight core sector industries – with a combined weight of 38 percent in the Index of Industrial Production (IIP) – slowed to 2.7 percent in July from 5.3 percent in the same month last year. The data released by the ministry of commerce on Monday showed the slower pace [...] Continue Reading »
Cost of borrowing has gone up, as a consequence sectors sensitive to interest rates are likely to be affected relatively more than others. To tame inflationary pressure, the Reserve Bank has hiked key policy rates 11 times since March 2010 by a cumulative 325 basis points. This led to a rise in borrowing cost which [...] Continue Reading »
