India’s services sector began 2025 with a PMI of 56.5, the lowest since November 2022, according to S&P Global data. Following December’s service PMI of 59.3, growth momentum marked a substantial slowdown. Meanwhile, expansion remained historically strong, and job creation … Read More
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CPI inflation likely to ease to 4.5 pc in Q4 FY25, 4.8 pc for full FY25: SBI Report
State Bank of India’s report predicts that retail inflation in India will decline to 4.5% by the last quarter of FY25, with an average for the year at 4.8%. The report also highlights challenges faced by the RBI in managing … Read More
Budget 2025 impact: Consumer goods firms gear up to cash in on the cash in hand
Manufacturers of consumer goods, such as electronics and two-wheelers, plan to increase production of entry-level products following income tax benefits in the budget. These benefits are expected to boost demand for mass market items that have been sluggish in recent … Read More
India’s pace of debt reduction gradual, leaves room for downside risk from large eco shock: Fitch
Fitch Ratings highlights India’s slow pace of debt reduction and warns of downside risks amid potential economic shocks. Despite a committed fiscal framework targeting reduced deficits and debt, challenges remain with achieving revenue targets and maintaining fiscal credibility. Effective policy … Read More
India’s current account deficit to widen in FY26, GDP to grow by 6.5 per cent: Crisil
India’s economy is projected to grow at 6.5% in FY26, supported by lower inflation and expected RBI rate cuts, provided there are no major global shocks. While government spending will aid growth, stronger private sector investments are crucial. Export challenges … Read More
Union Budget shapes India’s economic resilience, growth potential: Report
The steps articulated in the Union Budget are crucial in shaping India’s economic resilience and growth potential in the medium to long term, according to a report on Monday.
India’s Manufacturing PMI elevates to six-month high of 57.7 in January
India’s Manufacturing PMI in January accelerated to 57.7 from 56.4 in the previous month, revealed data from S&P Global. Indian goods producers kicked off the year to a robust start, with new orders rising at the quickest pace since July … Read More
Budget 2025: From startups to aviation and retail to realty, jobs could be made in millions
Finance minister Nirmala Sitharaman’s budget proposals aim to spur job creation across sectors like manufacturing, tourism, agriculture, and MSMEs. Key initiatives include the National Manufacturing Mission, which is projected to generate 2-3 million new jobs, and a focus on boosting … Read More