Context: Retail inflation rises to 5.03% in February: The country’s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.03 per cent in the month of February mainly on account of higher food prices. Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a contraction …
Continue reading “Insights into Editorial: Salutary reminder: On Consumer Price Index”
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Production-linked incentive (PLI) scheme: Context: The Central government has unveiled a production-linked incentive (PLI) scheme to encourage domestic manufacturing investments in 10 more sectors, with an estimated outlay of about ₹1.46 lakh crore over the next five years. These sectors …
Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. In News- Purchasing Managers Index (PMI) What to study? Prelims: What PMI and how is it derived? Mains: Economic growth indicators and significance. What is a PMI? PMI or a Purchasing Managers’ Index (PMI) is an …
Topic: Indian economy 8) What is Index of Industrial Production (IIP)? How is it calculated and what’s its utility? Discuss the concerns expressed regarding IIP data in recent days. (200 Words) The Hindu
