Subhash Chandra Garg

Retail inflation at 3.58%. Wholesale price inflation at 3.59%. Inflation riding from last month’s levels largely on account of food especially vegetables and protein products. Hopefully increasing trend prove to be seasonal and we will continue to have sub 4% inflation.

September witnessed good IIP growth at 3.8%. Manufacturing growth at 3.4% was highest in 6 months. Rebound in IIP incl capital goods clear.

India has improved its ease of doing business rank by as much as 42 in three years- from 142 to 100. Big reforms and simplification done.

Massive jump in India’s ease of doing business rankings by the World Bank- 30 ranks jump in one year, the highest in the World. Cheers.

Good news on economic front continues to flow. Core sector index grew 5.2% in September. Steady improvement over last three months.

Let us all wish and work for a happy and prosperous India.

Benign and moderate inflation is the order of the day with consumer inflation of 3.3% in September. Food inflation remained 1.8% only.

Manufacturing grew by 3.1% in August after two months of negative growth of -.5% and -.3%. Temporary disruptive effect of GST is over.

With ADIA joining NIIF, we had a very good first close. Government stake reduced to 49%. Professionals now take over investment decisions.

Gold bonds are open for subscription. You have all advantages of investing in gold besides saving on making charges and earning interest.

RBI projects increasing growth of 6.4, 7.1 and 7.7% in 2nd to 4th quarters. Inflation projections for the year as a whole remain below 4%.

Witnessed signing of 4.5 billion line of credit line from India to Bangladesh. This largest credit ever will build big infrastructure.

Signed Joint Interpretive Note with Bangladesh today to update Bilateral Investment Promotion Agreement to our new Investment Framework.

With core sector growth of 4.9% and sectors like auto growing in double digits, expect second quarter growth to bounce back handsomely.

Masala bonds shifted to ECB to create space of Rs 41000 crore for corporate bonds over next 6 month. Masala bonds can now be issued as ECBs.

Exchanged four documents for Japanese loans and assistance in the presence of PMs today including a 600 crore loan for bullet train project

Industrial Production Index returns to positive territory in July with 1.2% growth compared to -.2% in June. Hope August performs better.

Consumer inflation ticked up by 1% to 3.36%. Food inflation remains low at 1.5%. Pulses still are cheaper by 25% compared to last August.

With RBI disclosing the numbers of returned notes today and the measure having been successfully implemented, debate should be over.