Tag: India’s economy

Services sector buoyant in November, overseas orders rise first time since COVID-19 onset 

Services sector buoyant in November, overseas orders rise first time since COVID-19 onset 

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Photo used for representational purpose only. | Photo Credit: The Hindu Businessline India’s services sector continued to rebound in November, recording the fastest output growth in three months, with new orders accruing at the highest pace since August, as per the S&P Global India Services Purchase Managers’ Index (PMI) which rose to 56.4 from 55.1 in October. A reading of […]

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Fiscal deficit touched 21.2% of target in Q1

Fiscal deficit touched 21.2% of target in Q1

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The Central government’s fiscal deficit touched 21.2% of the annual target in the June quarter as against 18.2% in the year-earlier period, according to official data. The fiscal deficit is the difference between total expenditure and revenue of the government. It indicates the total borrowing that are needed by the government. In actual terms, the […]

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