From the desk of Dr Didar Singh, Secretary Genera, FICCI

FICCI provides comments and analysis on various economic indicators and issues in India based on its surveys. It welcomes the GDP growth of 4.8% in Q2 as exceeding expectations but notes high inflation and interest rates remain problems. A manufacturing survey finds continued subdued growth in Q3 supported by some export improvement but rising credit costs. FICCI also comments on trade data, inflation numbers, IIP data and other economic matters, calling for addressing high food inflation, reforms to strengthen agriculture supply chains and reviewing policy rates given inflation is due to supply issues not monetary factors.