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India's GDP needs to grow at 7.6 percent in the fourth quarter to achieve a 6.5 percent full-year growth estimate as cited in the second advance estimates. The economy grew at 6.5 percent in the first quarter, 5.6 percent in the second and 6.2 percent during the third quarter of the fiscal.
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Manufacturing PMI had declined to a 12-month low of 56.4 in the previous month
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Industry players anticipate a strong demand recovery, aided by favourable factors such as a promising monsoon and stable inflation
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Falling exports and a slack in manufacturing and services drove the weakness in business activity, offsetting improvement in consumption drivers reflected by tax collections and job growth
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U.S. manufacturing sunk further in January with the Institute for Supply Management (ISM) reporting its manufacturing Purchasing Managers' Index (PMI) dropped to 47.4 from 48.4 in December.
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The official manufacturing purchasing managers' index (PMI) -- a key gauge of factory output in the world's second-largest economy -- rose to 50.1 this month, from 47.0 in December, according to data from the National Bureau of Statistics (NBS).
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India's peak power demand touched a record high of 216 GW in April 2022, up 6 per cent on-year, as several regions in the North reeled under a severe heatwave.
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The ISM's index of national factory activity fell to a reading of 55.4 last month, the lowest since a matching reading in September 2020, from 57.1 in March. The last time the index was lower was in July 2020
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The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity -- edged up in February to 50.2, defying expectations of a return to contraction territory, data from the National Bureau of Statistics (NBS) showed.
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The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to a two-year low of 50.6 in October from 51.4 in September.
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The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, increased to a 14-month high of 54.3 in February from January's 53.9, confounding a Reuters poll predicting a dip to 53.5.
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The readings - closely watched by investors as an alternative to the official data and more focused on smaller firms - offered further evidence China's economy is losing momentum and suggests the U.S.-Sino trade war will continue to weigh on exports as prospects for a trade deal remain uncertain.
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Private sector surveys of manufacturers in Asia showed the factory sectors of China, South Korea, Japan and Taiwan picked up in June, driven largely by a recovery in exports.
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Labor market conditions remained "tight," with "modest" employment and wage gains, according to the survey, which is prepared in advance of a November 1-2 monetary policy meeting.
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Manufacturing activity in China ticked lower in July, according to an official survey released on Monday.
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Union Cabinet is likely to consider on May 25 the first policy for the country's
capital goods sector, which envisages creation of 21 million additional jobs by 2025.
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Fuel consumption, a proxy for oil demand, rose 10.9 percent to 183.5 million tonnes between April 2015 and March 2016, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
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China's official manufacturing Purchasing Managers' Index (PMI) came in at 50.2 for March, well above a forecast of 49.3 from a Reuters poll, returning to growth for the first time since July. That compares with 49.0 in February, which was the lowest reading since 2011.
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The yearly SBI Composite Index for March has declined below 50 and is at 49.5, compared with last month index of 51.3. However, the monthly Index jumped to 54.5 in March 2016, from 49.1 in February 2016.
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The yearly SBI Composite Index for February is at 51.3, compared to last month index of 47.3. Meanwhile, the monthly Index declined to 49.5 in February, from 52.4 in January 2016.
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The yearly SBI Composite Index fell below the 50 mark to 47.3 in January -- its lowest level in the past one year, indicating "moderation in economic activity going forward".
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The preliminary Caixin China manufacturing purchasing managers' index (PMI) rose to 48.3 in October, above the 47.5 forecast in a Reuters poll.
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The move by the government was in the background of Foxconn recently announcing its plans to make investments of around USD 5 billion in Maharashtra over a five-year period.
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It had grown at a rate of 3.35 percent in April, and 2.5 percent in March. The factory output growth was recorded at 4.9 percent in February. For the first quarter (April-June) of the current fiscal, the industrial production is at 3.2 percent, as compared to 4.5 percent growth in the year-ago period.
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The yearly SBI Composite Index, an indicator for manufacturing activity in the country, for July declined to 49.7 from 53.2 in June 2015. The Monthly Index also declined from 47.0 in June to 46.7 this month.
