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Investments Into India Improve, Real Activity A Mixed Bag

For the week ended August 23, 2014:

  • Incoming data on the Indian economy showed mixed trends as investment activity, area under Kharif production and railway freight earnings showed positive developments, while indirect tax collection remained lack lustre and oil production continued to lag.
  • The centre announced details for the 'Digital India' programme first announced during the budget, which, as the name suggests, aims to digitize the entire country starting from the present year, and going up to 2018.
  • The Reserve Bank of India (RBI) released its annual report, which points to downside risks to growth and upside risks to inflation on account of a deficient monsoon condition and the emerging geo-political situation in the Middle East. Further, it called for implementation of micro-economic policies to improve activity levels sustainable, besides focus on the macro-economic framework.

Read this and more in the executive summary of the India Macro Weekly

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