India’s buzzing economic activity belies fears of a slowdown
1 year, 11 months ago

India’s buzzing economic activity belies fears of a slowdown

Deccan Chronicle  

India’s economy picked up speed in December as business conditions improved, marking a rebound for the South Asian nation that had showed signs of a slowdown the preceding month. The needle indicating so-called animal spirits moved right after holding steady for five straight months — indicating stronger overall economic activity as 2022 drew to a close. The reading comes ahead of the unveiling of India’s budget on Feb. 1, when Finance Minister Nirmala Sitharaman is set to highlight India’s potential to grow at a world-beating pace in the year beginning April. New orders in manufacturing also climbed the fastest since February 2021, while services firms saw new businesses increasing for the seventeenth straight month in December.

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History of this topic

India’s services sector growth rises to a four-month high in December
Trending News
1 week, 2 days ago

India’s services sector growth rises to a four-month high in December

Live Mint  

New Delhi: Business activity gained momentum in December driven by demand buoyancy in the services sector, rising to a four-month high during the month, even as manufacturing growth slowed. India’s finance ministry recently said it expects the economy to grow at 6.5% in 2024-25, while the Reserve Bank of India estimates a 6.6% growth aided by rural consumption, government investment, …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
4 weeks, 2 days ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

PMI: Consumption fatigue hits manufacturers
1 month, 1 week ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

Old demand versus new: Is Indian industry investing in tomorrow’s sectors?
2 months, 1 week ago

Old demand versus new: Is Indian industry investing in tomorrow’s sectors?

Live Mint  

The festival season that is now drawing to a close began under a cloud of dark concerns about a further slowdown in consumer spending in India. The credit rating firm estimates that large Indian conglomerates are lining up $800 billion of investments over the next decade, which is triple the amount of capital spending by their business groups in the …

Domestic demand, easing costs propped up Services in August: PMI
4 months, 1 week ago

Domestic demand, easing costs propped up Services in August: PMI

The Hindu  

Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. The seasonally adjusted HSBC India Services Business Activity Index, based on responses from 400-odd private players, rose to 60.9 in August from 60.3 in July. Overall private …

India’s Business Activity Hits 14-Year High in May
7 months, 3 weeks ago

India’s Business Activity Hits 14-Year High in May

Deccan Chronicle  

New Delhi: With the significant growth in the services sector, India's business activity witnessed a robust expansion in May this year, recording the third strongest reading in close to 14 years. “The flash services PMI index hit a 4-month high of 61.4 this month, up from April's 60.8, while the preliminary manufacturing PMI showed a tad weaker growth than last …

Downhill driving: The Hindu Editorial on India’s overall trend of exports
1 year, 5 months ago

Downhill driving: The Hindu Editorial on India’s overall trend of exports

The Hindu  

After hitting a record $775 billion in 2022-23, India’s exports are off to a rocky start this year. While this implies the goods trade deficit may not widen as it had last year, it does not augur well for domestic growth impulses that form India’s key armour against the gathering global slowdown. Frail global demand may not just impact trade …

Momentum softens: The Hindu Editorial on S&P Global’s survey
1 year, 6 months ago

Momentum softens: The Hindu Editorial on S&P Global’s survey

The Hindu  

July 07, 2023 12:20 am | Updated 12:39 am IST The latest Purchasing Managers’ Index for India’s manufacturing sector and the Services Business Activity Index for the economy’s broader services sector from S&P Global, posit a softening in momentum in economic activity. Its survey of about 400 manufacturers shows that production growth at major private sector factories eased marginally last …

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand
1 year, 8 months ago

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand

News 18  

India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signalling resilient demand and an encouraging outlook. Besides seeing the strongest inflow of new work in 2023 so far, capacities were expanded through job creation, input buying was lifted.” Both new orders …

India’s industrial production rises by 5.2 in january 2022
1 year, 10 months ago

India’s industrial production rises by 5.2 in january 2022

The Hindu  

India’s industrial output grew 5.2% in January, slightly faster than the 4.7% rise in December 2022, bolstered by a double-digit surge in electricity generation for the third successive month, even as manufacturing output growth stayed tepid at 3.7%. While both segments’ uptick was buoyed by low sub-2% growth rates a year ago, infrastructure and construction goods’ output grew 8.1% this …

Slowdown in GDP growth late last year temporary: Moody's Analytics
1 year, 10 months ago

Slowdown in GDP growth late last year temporary: Moody's Analytics

The Hindu  

March 07, 2023 05:44 pm | Updated 08:49 pm IST - New Delhi Moody’s Analytics on March 7, said India’s domestic economy, rather than trade, is its primary engine of growth and the slowdown in economic activity late last year will only be temporary. The government data released last week showed India’s gross domestic product growth slowed to a three …

India’s December services sector growth at highest level in 6 months
2 years ago

India’s December services sector growth at highest level in 6 months

Live Mint  

December data highlighted an improvement in the health of the Indian service sector, with a quicker upturn in new business boosting output growth as the services industry saw activity increase at the fastest pace in six months since June 2022 on robust demand. The S&P Global India services purchasing managers' index rose to 58.5 in December from 56.4 in the …

India's services sector growth hits six month high in December 2022 | DETAILS
2 years ago

India's services sector growth hits six month high in December 2022 | DETAILS

India TV News  

Indian service sector growth: The Indian services sector growth touched a six-month high in the month of December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate …

Indian manufacturing ends 2022 on a high: PMI data
2 years ago

Indian manufacturing ends 2022 on a high: PMI data

The Hindu  

India’s manufacturing sector recorded its sharpest uptick in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. With overall demand strong and …

Explained | Is the economy driving with the brakes on?
2 years ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

Monthly economic review | India’s growth to be sustained by consumer spending rebound
2 years, 3 months ago

Monthly economic review | India’s growth to be sustained by consumer spending rebound

The Hindu  

A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August published on Saturday. The report also said high levels of foreign exchange reserves, sustained foreign direct investment and strong export earnings have provided a reasonable buffer against monetary policy normalisation in …

Surge in services demand helps steady India’s economy in August
2 years, 4 months ago

Surge in services demand helps steady India’s economy in August

Live Mint  

India’s economy showed signs of stabilizing last month, with strong demand for services helping weather headwinds from high inflation, according to a gauge of earliest available indicators. Business Activity Purchasing managers’ surveys showed a rebound in S&P Global India Composite PMI in August, thanks largely to a stronger expansion in services activity amid an upturn in new orders and slower …

India's services sector activity slips further in January 2022; business confidence hits 6-month low
2 years, 11 months ago

India's services sector activity slips further in January 2022; business confidence hits 6-month low

Firstpost  

According to survey participants, demand was restricted by the fast spread of the Omicron variant and the reinstatement of curfews in parts of the country New Delhi: India’s services sector activity moderated further in January 2022 as new business rose at a noticeably slower rate amid the escalation of the pandemic, reintroduction of restrictions and inflationary pressures, a monthly survey …

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
3 years, 1 month ago

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

Firstpost  

In a report, the rating agency said credit fundamentals are favourable for India’s companies on a sustained economic recovery and earnings of rated companies’ will rise on strong consumer demand and high commodity prices New Delhi: Moody’s Investors Service on Thursday said India’s rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector. …

India's services sector activity expands at slower rate in December
4 years ago

India's services sector activity expands at slower rate in December

The Hindu  

India's services sector activity expanded at a slower pace in December as rates of growth in sales eased to a three-month low and staff hiring came to a halt amid weak business optimism, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December. "Although the news that …

India's Manufacturing Sector Activity Strengthens in December, Says Survey
4 years ago

India's Manufacturing Sector Activity Strengthens in December, Says Survey

News 18  

India’s manufacturing sector activity strengthened in December, with manufacturers stepping up production and input buying amid efforts to rebuild their inventories following business closures earlier in the year, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index was at 56.4 in December, a tick higher than November’s reading of 56.3 and above the …

Factory output at eight-month high
4 years, 1 month ago

Factory output at eight-month high

Live Mint  

India’s factory output expanded for the second straight month in October, signalling the economy is gradually climbing back from disruptions related to the coronavirus pandemic. Positive signs Coming on the base of a 6.6% contraction in October 2019, the 3.6% growth in the IIP in October this year is decidedly modest, and warrants caution in the interpretation of the strength …

Some warning signs in India’s economic report card
4 years, 1 month ago

Some warning signs in India’s economic report card

Live Mint  

After a historic contraction in the July-ended quarter, when India’s gross domestic product declined 24% compared to the year-ago period, economists expect India’s economic contraction to be narrower in the Sep-ended quarter. 6 of 16 high-frequency economic indicators considered in Mint’s monthly macro tracker were in green, or above their five-year-average trend, as of October. Launched in October 2018, Mint’s …

Early data hints green shoots in Indian economy. Has it bottomed out?
5 years ago

Early data hints green shoots in Indian economy. Has it bottomed out?

Hindustan Times  

Initial high-frequency indicators for December 2019 suggest some sort of revival in the Indian economy. Goods and Services Tax collections were above Rs 1 lakh crore for the second consecutive month in December. Centre for Monitoring Indian Economy’s capex database shows that new investment announcements have posted a positive growth in the December quarter, the first since June 2018. The …

Softening Demand Drags Indian Factory Growth to Two-year Low in October: Report
5 years, 2 months ago

Softening Demand Drags Indian Factory Growth to Two-year Low in October: Report

News 18  

Bengaluru: India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, dragging business confidence to its weakest since early 2017, a survey showed on Friday, suggesting more policy easing is on the cards. “PMI data for October showed a continuation of manufacturing sector weakness in India, with sales growth softening …

Lower demand drags India's factory growth to 2-year low in October: Survey
5 years, 2 months ago

Lower demand drags India's factory growth to 2-year low in October: Survey

India Today  

India's factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, dragging business confidence to its weakest since early 2017, a survey showed on Friday, suggesting more policy easing is on the cards. That mirrors a recent sharp deceleration in global manufacturing activity as a protracted US-China trade war took a …

Economic slowdown is here, show various indicators
5 years, 2 months ago

Economic slowdown is here, show various indicators

The Hindu  

The months of August and September marked among the lowest lows for the Indian economy, according to various indicators. This was in line with what IMF chief Kristalina Georgieva suggested -- the emerging markets such as India will experience an even "more pronounced" effect admist a "synchronised slowdown" in the global economy. image/svg+xml Credit to commercial sector down Non-food credit …

GDP slump signals significant deceleration in investment, consumption: FICCI
5 years, 4 months ago

GDP slump signals significant deceleration in investment, consumption: FICCI

India TV News  

India's economic growth dropping to an over six-year low of 5 per cent in April-June 2019 is indicating a "significant deceleration" in both investment and consumer demand, industry body Ficci said on Saturday. Expressing "deep" concerns over sluggishness in the growth momentum, Ficci President Sandip Somany said "the latest GDP growth numbers are below expectations and point towards a significant …

India’s weak power demand points to more slowdown pain ahead
5 years, 9 months ago

India’s weak power demand points to more slowdown pain ahead

Live Mint  

India is witnessing a listless growth in electricity demand, possibly signaling more slowdown in Asia’s third-largest economy. Electricity requirement from distribution utilities in February rose 1.3 percent from a year earlier and barely changed from January’s 1.1 percent, the weakest growth in two years, according to the power ministry’s Central Electricity Authority. The trend points to a lack of appetite …

India's services sector activity gathers pace in February on uptick in new business orders, job creation
5 years, 10 months ago

India's services sector activity gathers pace in February on uptick in new business orders, job creation

Firstpost  

The seasonally adjusted Nikkei India Services Business Activity Index rose from 52.2 in January to 52.5 in February, indicating an upturn in output New Delhi: The country’s services sector activity gathered momentum in February, driven by a quicker expansion in new work orders that supported a faster increase in output and job creation, a monthly survey showed Tuesday. The seasonally …

Animal spirits suggest tame start for India’s economy in 2019
5 years, 10 months ago

Animal spirits suggest tame start for India’s economy in 2019

Live Mint  

India’s economy started the New Year still hungover from the sluggish showing in end-2018, stoking expectations for more monetary stimulus from the central bank. A set of indicators tracked by Bloomberg to measure “animal spirits” -- a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action -- showed weaker indicators outnumber stronger ones …

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday
5 years, 10 months ago

India's GDP growth likely slowed to 6.9% in December quarter, data to be out on Thursday

Firstpost  

India’s economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a Reuters poll showed Bengaluru: India’s economy likely grew at its slowest pace in over a year in the October-December quarter as weaker rural incomes and softer urban demand weighed on consumption, a …

India's services sector activity slows in Dec as work orders, business dealings moderate; employment rises
6 years ago

India's services sector activity slows in Dec as work orders, business dealings moderate; employment rises

Firstpost  

Despite easing marginally, the services PMI was in the expansion territory for the seventh straight month. New Delhi: The country’s services sector activity slowed slightly in December, as new work orders and business activity moderated from November’s recent high, while job creation saw a significant uptick, a monthly survey said on Friday. The seasonally adjusted Nikkei India Services Business Activity …

Festive spirit does little to revive animal spirits in India
6 years, 1 month ago

Festive spirit does little to revive animal spirits in India

Live Mint  

Mumbai: A banking liquidity crunch and weak business sentiment before state elections this year outweighed signs of a revival in consumer demand during India’s main festival season, keeping the outlook for the world’s fastest-growing major economy muted. An overall activity indicator measuring animal spirits—a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action—was …

Indian consumer sentiment moderates in August after interest rate hike: Report
6 years, 4 months ago

Indian consumer sentiment moderates in August after interest rate hike: Report

Firstpost  

Consumer sentiment in India moderated in August, as rise in interest rates, appears to have dented optimism in the housing market and also had a negative impact on personal finances, says a report. New Delhi: Consumer sentiment in India moderated in August, as rise in interest rates, appears to have dented optimism in the housing market and also had a …

Indian economy showing signs of regaining animal spirits
6 years, 5 months ago

Indian economy showing signs of regaining animal spirits

Live Mint  

Mumbai: The world’s fastest growing major economy is showing signs of a recovery in animal spirits, suggesting India’s mid-term outlook can weather global trade tensions and emerging market strains. “We see GDP growth recovering to 7.2% in fiscal 2019 from 6.7% in fiscal 2018, below the Reserve Bank of India’s forecast of 7.4%, as of June.” Business activity Activity in …

Business confidence in India subdued in June amid intense competition, high fuel prices: Survey
6 years, 5 months ago

Business confidence in India subdued in June amid intense competition, high fuel prices: Survey

Firstpost  

As per the IHS Markit Business Outlook survey, just 20 percent of Indian businesses expect growth in output over the next 12 months, unchanged from February New Delhi: The Indian business sentiment regarding future activity remained subdued in June amid intense competition, high fuel prices and strong cost pressures, says a survey. As per the IHS Markit Business Outlook survey, …

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