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Unemployment rate drops to 6.8% in July driven by a recovery in rural India
The rural sector added 6.3 million jobs in July while the urban sector lost 0.6 million jobs
Union Budget
It comprises of the money received by a government from taxes and non-tax sources to enable it to undertake government expenditures and is an important tool of the government's fiscal policy.
Gross Fixed Capital Formation (GFCF)
Also regarded as 'net investment', it measures the value of net fixed asset acquisitions by the governments, businesses and pure households.
Consumer Confidence
It is an economic indicator that measures the degree of optimism or pessimism that consumers feel about the overall state of the economy and their personal financial situation.
Wholesale Inflation
It measures the changes in the wholesale price of basket of 697 goods. The quantum of rise in the WPI month-after-month is used to measure the level of wholesale inflation in the economy.
Retail Inflation
It is a general rise in consumer price levels where a unit of currency effectively buys lesser goods and services. More commonly, people refer to inflation as "the rising cost of living".
GDP
Gross domestic product (GDP) is the monetary or market value of all the final goods and services produced within a country in a specific time period.
Intellectual Property Rights (IPR)
Contains the summary of patents, designs, trademarks and copyrights applied for and registered in India.
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