New Delhi: Key markers point to the Indian economy remaining buoyant at the end of 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, as per the monthly economic review by the National Council of Applied Economic Research (NCAER). The PMI for manufacturing activity increased to 56.9 … Read more
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December. The retail inflation in India though is in RBI’s 2-6 per cent comfort level but is above the ideal 4 per cent scenario. … Read more
India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists polled by Reuters who also predicted a moderation in core inflation to 3.70%. The Reserve Bank of India, which held its repo rate at 6.50% for a sixth consecutive meeting … Read more
New Delhi: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items. Food inflation stood at 9.95 per cent and 9.80 per cent in December … Read more
Robust domestic demand and strong growth in the manufacturing and services sector will help sustain growth in India in 2024 despite global headwinds, the UN said Friday. In its World Economic Situation and Prospects 2024 report, the UN projected the Indian economy to grow 6.2% in 2024, slightly lower than the 6.3% estimated for 2023. … Read more
