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India’s services PMI rose to 65.6, while manufacturing grew at its fastest pace in 18 years high, pointing to sustained growth despite global headwinds
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BMRCL officials said the running time between RV Road and Bommasandra is 35 minutes each way, with halts at every station.
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India’s composite PMI rose sharply to a 14-month high of 61.0 in June, from 59.3 in May, driven by strong growth in both manufacturing (58.4) and services (60.7).
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June also marks the first time this year that services activity crossed 60
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The performance of services contrasts with the manufacturing sector, which dipped to a three-month low of 57.6 for the month
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This is despite the fact that the total GVA at basic prices rose by 6.4 percent in FY25, down from 8.6 percent in the previous year, signalling a moderation in economic momentum
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For March 2025, services exports stood at $35.6 billion, reflecting a year-on-year growth of 18.6 percent compared to $30.0 billion in March 2024.
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Manufacturing sector had a better month, closed the financial year at a eight-month high of 58.1
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The new consulate in India’s tech hub has sparked a political credit war among Congress, BJP, and JDS.
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India’s economy is expected to perform better in the third quarter compared with the previous quarter when growth slumped to a near two-year low of 5.4%
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India’s services sector had held steady in the second quarter, despite GDP growth dipping to a seven-quarter low of 5.4 percent
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The Commissioner of Metro Railway Safety (CMRS), Southern Circle, on October 4, gave the green light for the commencement of commercial operations on the Nagasandra-Madavara (Bangalore International Exhibition Centre).
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Manufacturing activity, too, slowed down during the month to an eight-month low of 56.5, data released earlier this week showed
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According to South Western Railway officials, train services on the Hubballi-Solapur line have been affected
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Manufacturing activity declined for a second consecutive month to 57.5 in August
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Full-year growth projection of 7 percent is lower than the RBI’s estimate of 7.2 percent. Inflation to be contained at 4.5 percent, shows the median of a poll of 13 economists.
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The HSBC Flash India Composite Output Index remained above the 60-mark, indicating robust growth
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Inflation expectations are at the highest level in over a year, and 90 percent households expect prices to rise. Over two-thirds expect them to rise faster than the current rate.
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In 2019-20, the government had decided to conduct the Annual Survey of Service Sector Enterprises on an annual basis on the lines of the Annual Survey of Industries.
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Services exports had done better than goods exports in the previous fiscal
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One worry is people switching back to agriculture — in FY23, the farm sector employed more people than it did over the past 17 years
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India’s services inflation declined 2.67 percent in June, its lowest level since 2011
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The 400 services firms surveyed for the index noted a further rise in export orders, with growth coming from Asia, Australia, Europe, Latin America, the Middle East and the US
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Economists contend there is likely to be some slippage in CAD in FY25 to above 1% levels, but it is likely to stay manageable
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Manufacturing activity rose to 58.5 in June from 57.5 in the previous month.
