India’s services sector expanded at its fastest pace in 15 years in August, driven by strong demand and rising international orders, according to the HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global.The index rose to 62.9 in August from 60.5 in July, marking the sharpest growth since June 2010. A reading above…
India’s foreign exchange reserves fell by $4.386 billion to $690.72 billion in the week ended August 22, the Reserve Bank of India (RBI) said on Friday.The overall reserves had risen $1.488 billion to $695.106 billion in the preceding reporting week, PTI reported.According to RBI data, foreign currency assets (FCA)—the biggest component of reserves—declined $3.652 billion…
BJP national spokesperson Syed Zafar Islam NEW DELHI: BJP on Tuesday highlighted the impact of GST reforms alongside cuts in interest and income tax rates, asserting that the measures taken by govt had fueled economic growth, promising a vibrant Diwali with increased spending power for citizens.At a press conference, BJP spokesperson Zafar Islam said that…
File photo: CII President Rajiv Memani (Picture credit: PTI) The Confederation of Indian Industry (CII) on Thursday projected India’s economic growth to range between 6.4 per cent and 6.7 per cent in the financial year 2025-26, driven largely by strong domestic demand. However, it flagged geopolitical uncertainty and risks to global trade as potential headwinds…
India will continue its robust economic growth trajectory and outpace major industrialised G7 countries, supported by strong domestic demand, sound macroeconomic fundamentals and a favourable demographic profile, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report. The report, titled Population, Productivity, Partnership: Rethinking G7-India Collaboration, highlights that with an average real GDP…
Union commerce and industry minister Piyush Goyal on Tuesday reaffirmed India’s goal of becoming a $5 trillion economy by 2027, citing strong macroeconomic fundamentals, robust policy reforms, and inclusive national effort. Speaking at a virtual session hosted by the Merchants’ Chamber of Commerce and Industry (MCCI), Goyal described India’s economic progress as a “quantum leap”,…
Moody’s Ratings on Tuesday said that India’s strong domestic economic environment will continue to support economic growth, helping banks maintain healthy asset quality and keeping systemwide nonperforming loan (NPL) levels between 2–3 per cent over the next 12 months.In a report focused on the Indian banking sector, Moody’s stated that even amid heightened global economic…
Nomura Pedicts Lower India GDP: रिजर्व बैंक की तरफ से उदार नीति अपनाए जाने और मुद्रास्फीति पर नियंत्रण के बावजूद इकोनॉमिक मोर्चे पर भारत के लिए ये झटके वाली खबर है. जापान के ब्रोकरेज फर्म नोमुरा ने अपने पूर्वानुमान में भारत की आर्थिक रफ्तार कम रहने का अंदेशा जताया है. उसने वित्त वर्ष 2025-26 में…
Foreign investors have poured in Rs 17,425 crore into India’s equity markets in the week of April 21 to April 25, bolstered by a combination of favourable global factors and strong domestic economic fundamentals. This follows a net investment of Rs 8,500 crore in the previous holiday-shortened week ending April 18, news agency PTI reported….
Fitch Cuts India Growth Estimates: दुनियाभर में अमेरिकी टैरिफ के चलते बनी अनिश्चितता और वर्ल्ड ट्रेड टेंशन के बीच भारत की आर्थिक रफ्तार धीमी रहने का अनुमान लगाया गया है. अमेरिकी एजेंसी मूडी के बाद अब रेटिंग एजेसी फिच ने भी भारत की जीडीपी को लेकर इसी तरह का अनुमान लगाया है. गुरुवार को फिच…