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India Services PMI: Growth cools in February as orders, output slow down

New Delhi, March 5 -- India's services sector growth, which hit a six-month high in January, eased a little last month amid softer increases in new orders and output, according to a private survey on ... Read More


India's top exports decline in April-January

New Delhi, March 4 -- Four of India's top five merchandise exports, in value terms, fell or were flat during the first ten months of the current fiscal year. These include engineering goods, which co... Read More


Moody's upgrades India's 2024 GDP growth forecast to 6.8%

New Delhi, March 4 -- Rating agency Moody's on Monday raised its forecast for India's GDP growth in 2024, reflecting both global and domestic optimism in the country's economy on the back of robust ma... Read More


Q3 GDP-GVA divergence tied to reduced fertiliser subsidy: Govt official

New Delhi, March 1 -- The divergence in gross domestic product (GDP) and gross value added (GVA) data for the third quarter of FY24 could be attributed to reduced fertilizer subsidy disbursements, sai... Read More


Centre releases Rs.1.42 trillion in tax devolution to states

New Delhi, Feb. 29 -- The Centre released Rs.1.42 trillion in tax devolution to states on Thursday, supplementing the Rs.72,961 crore disbursed earlier on 12 February. According to the finance minist... Read More


India's core infra sectors post slowest growth in 15 months

New Delhi, Feb. 29 -- The output of eight core infrastructure sectors, which account for two-fifths of India's industrial output, expanded by 3.6% in January-the slowest monthly pace in 15 months. In... Read More


Developing countries must play a larger role in e-commerce, India says at MC13

New Delhi, Feb. 29 -- Developing countries must play a larger role in online commerce as a handful of companies in developed countries currently dominate the global e-commerce landscape, India said at... Read More


India's GDP growth shoots higher 8.4% in Q3FY24; FY24 growth pegged at 7.6%

New Delhi, Feb. 29 -- The Indian economy rose to 8.4% growth in the December quarter, attributed mainly to a robust growth in manufacturing and construction sectors, as it maintained its status as the... Read More


India's Q3 GDP grows at 8.4%; FY24 growth pegged at 7.6%

New Delhi, Feb. 29 -- The Indian economy rose to 8.4% growth in the December quarter, attributed mainly to a robust growth in manufacturing and construction sectors, as it maintained its status as the... Read More


India Apr-Jan fiscal deficit at Rs.11.03 trillion, 64% of annual target

New Delhi, Feb. 29 -- India's fiscal deficit during the first ten months of FY24 stood at Rs.11.03 trillion, or 63.6% of the revised annual estimate, according to data released by the Controller Gener... Read More