Services activity in India rose at the quickest pace in three months in the month of November, thus supporting a sharp expansion in services output and further job creation.
New Delhi [India], October 13 (ANI): India's September oil product demand was flat month on month but up on the year by 334,000 b/d on a weak base in the previous year, driven by diesel and petrol consumption, which were up by 179,000 barrels per day (b/d) and 65,000 b/d, respectively, a report said.
Fitch Ratings, a leading provider of credit ratings, commentary and research for global capital markets, cut down growth forecast for the Indian economy to 7% in 2022-23 from 7.8%. The agency also slashed growth forecast for 2023-24 to 6.7% from 7.4% projected before. Global growth forecast was also slashed to...
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Fitch Ratings, a leading provider of credit ratings, commentary and research for global capital markets, cut down growth forecast for the Indian economy to 7% in 2022-23 from 7.8%. The agency also slashed growth forecast for 2023-24 to 6.7% from 7.4% projected before. Global growth forecast was also slashed to...
The post appeared first on .
Beijing [China], September 5 (ANI): Amid a continuing onslaught of the coronavirus, power shortages caused by record heatwaves have hit hard China's manufacturing sector as activity remained in contraction and the outlook remained bleak.
New Delhi [India], September 5 (ANI): Services sector activity in India improved in August as the S&P Global India Services Purchasing Managers' Index (PMI) showed growth in comparison to the previous month. The index rose from a four-month low.
New Delhi [India], August 4 (ANI): The Reserve Bank of India is likely to hike the policy repo rate by 25 to 50 basis points on Friday, the third hike since the beginning of the current financial year, in order to tame the inflationary pressure.
New Delhi [India], August 3 (ANI): Services activity in India decreased in the month of July as the S&P Global India Services Purchasing Managers' Index (PMI) showed degrowth in comparison to the previous month, thereby hitting a four-month low.
New Delhi [India], July 12 (ANI): Though there are signs of easing commodity prices, the economic outlook for the current financial year 2022-23 remains quite uncertain and will ride completely on the wheels of private consumption and investment demand, said a report.