Bikky Khosla | 19 Oct, 2021
Exports increased 21.35 percent to $33.44 billion
in September 2021 compared to $27.56 billion in the same month last year. In
the previous month of August, merchandise exports amounted to $33.28 billion.
Cumulatively, exports during the first half of the financial year crossed $197
billion. It is good to see that the sector has for quite some time now been
performing well, which is, no doubt, a good sign for the economy.
Meanwhile, low base effect, along with a rise in
demand, pushed industrial output higher by 11.9 percent in August. This growth
is encouraging, particularly in the light of IIP decline in August 2020, during
the full-fledged lockdown period, of 7.1 percent. However, on a sequential
basis, the production rate seems flat as IIP registered 11.5 percent in July. The manufacturing
sector, which constitutes 77.63 percent of the index, grew 9.7 percent in
Also, September retail inflation eased on both a
sequential and year-on-year basis. CPI inflation slipped to 4.35 percent last
month from 5.30 percent in August 2021 and 7.27 percent in September 2020.
Similarly, lower prices of primary goods eased wholesale inflation as well in
September to 10.66 percent last month from 11.39 percent in August. However, on
a sequential basis cost of manufactured products increased marginally in the
Amid these developments, the latest World Economic
Outlook report shows India continuing to be the world's fastest growing major
economy, with 9.5 percent GDP growth this fiscal year and 8.5 percent in the
next. It adds that Indian has India has come out of a tough second wave of the
pandemic. With most of its broadbased economic indicators reflecting optimism,
it seems the Indian economy bounce back soon.
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