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After robust January-March quarter growth, high-frequency data suggests weaker April; all eyes on rural consumption

Indian Chronicle

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June 11, 2025

With growth this fiscal widely seen below 6.5 per cent, the Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to reduce the policy repo rate on Friday to 5.75 per centWith growth this fiscal widely seen below 6.5 per cent, the Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to reduce the policy repo rate on Friday to 5.75 per cent.

- GNS News Agency

After robust January-March quarter growth, high-frequency data suggests weaker April; all eyes on rural consumption

The Indian economy seemingly had a slow start to 2025-26, with a number of high-frequency indicators suggesting activity levels weakened after the GDP grew by a faster-than-anticipated 7.4 per cent in the final quarter of FY25.

Data released last week showed growth in factory output, as measured by the Index of Industrial Production (IIP), edged down to an eight-month low of 2.7 per cent in April 2025. Before that, the uncertainty caused by the US’ reciprocal tariffs before their quick 90-day suspension saw the merchandise trade deficit widen to a five-month high of $26.42 billion in the first month of the current fiscal.Meanwhile, the HSBC India Purchasing Managers’ Index (PMI) slipped to a three-month low of 57.6 last month from 58.2 in April 2025, which was little-changed from 58.1 in March. Banks’ non-food credit growth cooled to 10.2 per cent year-on-year as on April 18 from 19 per cent a year ago and 11 per cent as on March 22, 2025.

Is Indian economy witnessing cyclical moderation?

Indian Chronicle से और कहानियाँ

Indian Chronicle

Jubilee Hills bypoll: Voters can cast their vote using 12 valid photo Id documents

In the Jubilee Hills Assembly bye-election to be held on November 11, voters can exercise their franchise using any of the 12 valid photo identity proof.

time to read

1 min

October 11, 2025

Indian Chronicle

Indian Chronicle

Mamata vs BJP: Suvendu seeks Central security for Bengal electoral official, cites CM's 'threat' over SIR

Suvendu, Mamata vs BJP over SIRThe BJP and Mamata Banerjee are locked in a war of words over the conduct of SIR exercise in Bengal (Photos: FB pages of leaders).

time to read

1 mins

October 11, 2025

Indian Chronicle

Indian Chronicle

Major setback to Congress Govt as Telangana HC stays local body polls

In a major setback to the Congress government, the Telangana High Court on Thursday temporarily stayed the process of local body elections across the State after taking strong note of petitions challenging the enhancement of Backward Classes (BC) reservation from 23 per cent to 42 per cent through Government Order (GO) No. 9, issued on September 26.The State government had released a notification on September 29 announcing the schedule for conducting local body elections in five phases across the State.

time to read

1 mins

October 10, 2025

Indian Chronicle

Indian Chronicle

US pharma giant Eli Lilly to invest over $1 billion in Telangana

Telangana secured a massive investment of $1 Billion by US Pharma major Eli Lilly, which will expand its manufacturing and global medicine supply capacity in Hyderabad.

time to read

2 mins

October 07, 2025

Indian Chronicle

Indian Chronicle

PM Modi greets citizens on occasion of 'Sharad Purnima'

Prime Minister Narendra Modi on Monday conveyed wishes to citizens across the country on the auspicious occasion of ‘Sharad Purnima’.In a post in Hindi on X, PM Modi said, “Heartfelt wishes of Sharad Purnima to all my family members across the country.

time to read

1 mins

October 07, 2025

Indian Chronicle

Indian Chronicle

'India stands with people of Nepal': PM condoles loss of lives due to heavy rainfall, offers support

Prime Minister Narendra Modi on Sunday expressed grief over the loss of lives and damage caused by heavy rainfall in Nepal. He stated that India stands with the people and Government of Nepal in this difficult time.\"The loss of lives and damage caused by heavy rains in Nepal is distressing. We stand with the people and the Government of Nepal in this difficult time. Asa friendly neighbour and first responder, India remains committed to providing any assistance that may be required,\" PM Modi posted on X.

time to read

2 mins

October 07, 2025

Indian Chronicle

PM to launch Rs 62,000 crore youth and education push with focus on Bihar tomorrow

New Delhi: Prime Minister Narendra Modi will unveil various youth-focused initiatives worth more than Rs 62,000 crore on Saturday, his office said, billing the exercise as a landmark initiative for youth development which will give a decisive push to education, skilling, and entrepreneurship. The PMO said Modi will launch PM-SETU (Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs), a centrally sponsored scheme with an investment of Rs 60,000 crore.

time to read

1 mins

October 04, 2025

Indian Chronicle

Banni Festival Clash in Devaragattu Leaves Two Dead and Over 100 Injured

In a tragic turn of events, the Banni festival in Devaragattu, Kurnool district, turned deadly on Thursday night as devotees clashed over the transportation of deity idols.

time to read

1 min

October 04, 2025

Indian Chronicle

India stands in solidarity with Philippines after deadly earthquake: PM Modi

Prime Minister Narendra Modi on Wednesday expressed sadness over the loss of lives and damage caused by the earthquake in the Philippines.

time to read

1 min

October 02, 2025

Indian Chronicle

Establishment of 57 new Kendriya Vidyalayas is ‘landmark step': PM Modi

New Delhi: Prime Minister Narender Modi on Wednesday termed the establishment of 57 new Kendriya Vidyalayas “a landmark step in expanding access to quality education!”

time to read

1 mins

October 02, 2025

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