[ad_1] Price pressures, stiff competition and unfavourable public policies have hurt growth, the S&P Global India Services PMI indicated India’s services sector stuttered in September as new business and output growth grew at the slowest pace since March 2022, as per the S&P Global India Services Purchase Managers’ Index (PMI) which dropped to 54.3 from […]
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[ad_1] President of KCCI M. Ganesh Kamath writes letter to Union Minister for Finance Nirmala Sitaraman seeking amendment President of KCCI M. Ganesh Kamath writes letter to Union Minister for Finance Nirmala Sitaraman seeking amendment Kanara Chamber of Commerce and Industry (KCCI), Mangaluru has urged the Union government to amend the Insolvency and Bankruptcy Code, 2016 and include […]
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[ad_1] India’s economic growth is expected to decline to 5.7% this year from 8.2% in 2021, the UNCTAD Trade and Development Report 2022 projected on Monday India’s economic growth is expected to decline to 5.7% this year from 8.2% in 2021, the UNCTAD Trade and Development Report 2022 projected on Monday The Congress on Tuesday […]
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[ad_1] Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Foreign exchange reserves were down for a seventh continuous week, dropping to $545.65 billion on September 16. Economic Affairs Secretary Ajay Seth on Tuesday dismissed the concerns over the depletion of forex reserve as “overblown” and said […]
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[ad_1] Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. […]
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[ad_1] India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7% from 7.2% earlier, citing higher than expected […]
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[ad_1] High inflation and monetary tightening cited. High inflation and monetary tightening cited. The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7 per cent from 7.2 per cent earlier, citing higher than expected inflation and monetary tightening. India’s economy grew 13.5 per cent year-on-year in the first quarter of […]
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[ad_1] Private consumption rates had helped private-sector capital expenditure reach one of its highest levels in the last decade, said the report Private consumption rates had helped private-sector capital expenditure reach one of its highest levels in the last decade, said the report A sharp rebound in consumer spending and rising employment will sustain economic […]
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[ad_1] Rating firm expects RBI to continue with rate hikes. Rating firm expects RBI to continue with rate hikes. Fitch Ratings on Thursday, September 15, 2022, slashed its growth forecast for the Indian economy to 7% in 2022-23 from 7.8%, with 2023-24 growth to slow further to 6.7% from 7.4% projected before. Fitch also slashed […]
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[ad_1] On the export front, engineering goods, one of the fastest growing sectors in recent months, reported a 14.2% dip in shipments to little over $8.2 billion in August On the export front, engineering goods, one of the fastest growing sectors in recent months, reported a 14.2% dip in shipments to little over $8.2 billion […]
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