April private sector growth fastest in 14 yrs on demand boost: PMI
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
The country’s wholesale price index in March stood at 151.8. The wholesale price index stood at 151.2 for February and January.
Interpretations of data paint exaggerated picture of prosperity
In short, "Amrit Kaal" culminates in "Viksit Bharat@2047" and the promise is to make India a “developed nation” by 2047.
HSBC's fash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.3 this month compared to February's final reading of 60.6.
This comes a day after the cabinet approved the continuation of the targeted subsidy of ₹300 per 14.2 kg cylinder for up to 12 refills per year during FY24-25 under Ujjwala Yojana.
In India's rural villages, many women are often overlooked when it comes to securing a plausible income from their family's farmlands.
February data highlights a notable upturn in demand across the service sector, with inflows of new business expanding for the thirty-first month running.
The NSO has revised GDP growth for Q2 FY24 to 8.1% from 7.6%, while that for the first quarter has been revised higher to 8.2% from 7.8%.
"In the presence of continuing global economic slowdown, India may have to rely largely on domestic growth drivers," says a report by EY India.