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The India Services PMI -- compiled by IHS Markit -- stood at 57.9 in April 2022 compared to 53.6 in March. A reading above 50 indicates expansion in business activity. → Read More
India's monetary policy committee raised rates by 40 basis points and changed stance to neutral in an out-of-turn meet on Wednesday amid rising inflation concerns. → Read More
A gauge of activity across India’s manufacturing sector continued to expand even as pricing pressures intensified. The India Manufacturing Purchasing Managers’ Index stood at 54.7 in April against 54 in March, according to a media statement by IHS Markit. → Read More
The Indian economy can sustain a GDP growth rate of 6.5-8.5% in the medium term, contingent upon a series of reforms, the RBI says in its annual 'Currency and Finance Report'. → Read More
It is essential the RBI does what it needs to, the former central bank governor says. → Read More
Minutes of the Monetary Policy Committee's first meet of the current fiscal showed all members shift focus to reining in inflation amid continuing policy normalisation as Russia's invasion of Ukraine pushed inflation further up. → Read More
IIP continues to indicate weakness in India's manufacturing sector. → Read More
The IMF cut India's growth forecast for FY23 as a fallout of Russia's invasion of Ukraine. → Read More
India's Wholesale Price Index, or WPI, stood at 14.55% in March 2022 compared with 13.11% in February, according to government data. That’s the highest since November 2021. → Read More
India’s factory output continued to pick up pace in February. The Index of Industrial Production rose 1.7% in February compared to a revised estimate of 1.5% in January, the data published by the Ministry of Statistics and Programme Implementation on Tuesday showed. → Read More
Retail inflation rose to the highest since October 2020, led by a rise in prices of vegetables. Fuel prices, which were raised towards the end of March, are not fully captured in the current data suggesting that inflation may remain elevated. → Read More
For a mango crazy nation, which loves all forms of mango from 'aam panna' to 'aam raas' and mango slices to mango ice cream, this summer may bring some bad news. → Read More
The Monetary Policy Committee voted to keep the repo rate unchanged. That status quo on policy rates, however, came with a number of 'buts'. Stripped of all those complexities, the effective takeaway is this—the Reserve Bank of India has raised rates and is now more worried about inflation than growth. → Read More
An IMF working paper has once again ignited debate over poverty in India. “Extreme poverty”, those falling below $1.9 on purchasing power parity basis per person a day in India, fell to below 1% of the population in 2019, according to the paper, titled ‘Pandemic, Poverty, and Inequality: Evidence from India’. → Read More
India's six-member Monetary Policy Committee voted to keep the repo rate unchanged as Russia's invasion of Ukraine added to a rise in inflation and but also increased the downside to growth. The MPC maintained an accommodative stance while focusing on withdrawal of accommodation to ensure that inflation remains within the target while supporting growth. → Read More
The India Manufacturing Purchasing Managers’ Index stood at 54 in March compared with 54.9 in February, according to a monthly press release. A reading above 50 indicates economic expansion. → Read More
The merger will be positive in the long run, said analysts. → Read More
Several 'non-metros' are driving job creation post pandemic, alongside the long-established job centres like Mumbai and Bangalore. → Read More
Fiscal deficit surged in February, led by the largest monthly central tax devolution to states. → Read More
India's retail Iinflation stood at 6.07% in February—the highest since June 2021 and above the Monetary Policy Committee's target range for the second straight month. It's only going to rise further. → Read More