Industrial output in September shrinks to lowest in seven years

India’s factory output shrank for the second straight month at 4.3% in September, recording its worst show since the present series was launched in April 2012. All components of industrial output—mining, manufacturing and electricity—fell during the month, pointing towards a deepening economic downturn. The persistent slowdown in industrial growth may […]

Nifty, Sensex slip after Moody’s cuts outlook to ‘negative’

Indian shares inched lower on Friday after Moody’s Investors Service lowered its ratings outlook to “negative” from “stable”, saying it was increasingly likely that economic growth will remain lower than in the past. Moody’s said the change in outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which […]

Domestic passenger traffic slips to 1.6% in September: IATA

Weak economic activity, along with subdued private consumption eased India’s year-on-year domestic air passenger traffic growth rate to 1.6 per cent in September from 4.5 per cent observed in August. According to the International Air Transport Association (IATA), India’s domestic air passenger volume — measured in revenue passenger kilometres (RPKs) […]