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The slowdown in the growth of India’s core industrial sectors in July was not surprising, with other indicators predicting easing demand conditions as well. Growth in the index of core industries (ICI) slowed to 5.4% in July from 6% in the previous month. This was in keeping with the Manufacturing Purchasing Managers’ Index, which in…
Read More “Core concerns: On the Indian economy, the road ahead” »
Image used for representative purpose only | Photo Credit: N. Bashkaran Factory activity expansion in India’s private sector fell to a joint-11 month low in November, while firms raised prices at the swiftest pace in over eleven years as input cost pressures began to bite, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index…
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Representational image only. | Photo Credit: The Hindu Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that rose to 58.6 last month from 57.7 in July. A reading of over 50 on the index…
Read More “S&P Global India Manufacturing PMI signals August activity hit nearly three-year high” »