The government is likely to decide on the withdrawal of stimulus packages only after the current fiscal's gross domestic product data is released as it will provide the actual picture on the matter, media reports said quoting Chief Statistician Pronab Sen Wednesday.
However, he said that industrial production do indicate that government might start thinking of stimulus exit. Industry growth has gained momentum recently with the Reserve Bank of India (RBI) and other analysts suggesting partial withdrawal of the stimulus measures that were taken to overcome the impact of global economic slowdown.
Sen said industrial growth figures depicted only the supply side picture and the GDP data only would provide the demand side figures. It is up to Finance Minister Pranab Mukherjee to decide on the stimulus measures, either based on the industrial growth or to wait for the economic growth figures, he added.
For comments and feedback contact: editorial@rttnews.com
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.