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Tag: Inflation rate

India’s services sector growth at 13-year high in July on strong demand

Posted on August 3, 2023 By admin
India’s services sector growth at 13-year high in July on strong demand

Image used for representational purpose only. | Photo Credit: The Hindu India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday (August 3). S&P Global’s India services purchasing managers’ index rose to 62.3 in July from June’s…

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India’s wholesale prices remain in deflationary territory for third successive month in June

Posted on July 14, 2023 By admin
India’s wholesale prices remain in deflationary territory for third successive month in June

The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…

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