Even as overall price stability has likely been restored in the economy with core inflation softening to a three-year low in the first quarter of 2023-24, the food inflation spike in June due to higher prices for vegetables, fruit and pulses underscores the need for a guarded approach, the Finance Ministry said on Thursday. “As inflation has been reined in …
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 …
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