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Fitch Lowers India Growth Forecast For FY20 To 6.6%
On weaker progress in the manufacturing and agricultural sector over the past year, the global agency Fitch cut India's growth projection for the FY 2019-20 to 6.6% as against the earlier estimate of 6.8%. Further, for Fy 21 and Fy 22, ...
April IIP Expands At 3.4%; Manufacturing Picks Up
As per the government data released today, the Index of Industrial Production (IIP) registered a growth of 3.4% in the month of April. IIP for the mining, manufacturing and electricity for the April month registered a growth of 5.1%, 2.8% and ...
April Iip Expands At 3 4 Manufacturing Picks Up
What Is PMI or Purchasing Managers' Index?
PMI or Puchasing Managers' Index is reflective of the business activity and is assessed for both the manufacturing and services activity. Calculated on a separate basis through survey measures for the manufacturing and services, the PMI of above 50 indicates ...
What Is Pmi Or Purchasing Managers Index
Services PMI Weakens To 48.5 For November
Though Manufacturing PMI for the November month stood at the highest since October 2016 at 52.6, the services activity slowed down after seeing an improvement post the GST roll out for three consecutive months. As against the October numbers of ...
Manufacturing Grows Modestly In September; PMI Remains Steady At 51.2
The Nikkei/Markit Manufacturing Purchasing Managers' Index, compiled by IHS Markit, showed improvement in manufacturing for the second consecutive month with the indicator standing steady at August levels of 51.2. The reading over 50 on the index is indicative of expansion. The ...
Manufacturing Growth Hits 3-month High In June
India's manufacturing activity expanded at the quickest pace in three months in June as the country's factories boosted production amid higher new order inflows, signaling an improved outlook for Asia's third biggest economy, which has been rightly touted as the 'bright ...
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