Services Surge
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
Dr SP Sharma, Chief Economist and Deputy Secretary General of PHDCCI, said that India is a very resilient economy that will continue to grow rapidly in the future.
India's economic growth has been remarkable in recent years, earning it the title of the world's fastest-growing major economy. Yet, beneath this headline success lies a significant challenge: job creation.
India’s manufacturing sector, a key pillar of the nation’s economic growth, is showing signs of a slowdown, raising concerns about the trajectory of the broader economy.
The South China Sea has emerged as a flashpoint as several countries have claims to certain portions of this maritime space. While some Southeast Asian countries make claims to the oceanic space in the South China Sea that falls within their respective Exclusive Economic Zones, China makes a claim on almost its entirety.
Growth in large Asia Pacific economies like China, India, and Indonesia will be less affected as their economies are more domestically oriented, said S&P Global Ratings on Thursday.
A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand rebound in India, said Morgan Stanley on Wednesday.
India is facing a mixture of factors that may shake its sovereign credit metrics and amid external turbulence, its foreign exchange reserves are falling, while the current account deficit is rising, said S&P Global Ratings on Wednesday.
The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund,…
The government has been urged to introduce a special loan moratorium to support struggling businesses affected by the Covid-19 pandemic.
