India Inc.’s Investment Slump Persists in FY24’s First Nine Months: Bank of Baroda Analysis India’s economic landscape has been under scrutiny as Bank of Baroda’s recent analysis revealed a persistent investment downturn within the country’s corporate sector during the initial nine months of Fiscal Year 2024. Despite expectations of a recovery from the economic slowdown…
India’s October Crude Oil Imports Rise After Four Months of Declines India’s crude oil imports witnessed a notable upsurge in the month of October, marking a significant shift after enduring a continuous decline over the past four months. According to recent data released by the Ministry of Petroleum and Natural Gas, the surge in imports…
UBS Raises India’s GDP Forecast to 6.3% for FY24 In a positive turn of events, the global financial services firm UBS has revised India’s GDP forecast for the fiscal year 2023-24 to 6.3%. This upward revision from its earlier projection of 6% demonstrates the potential for economic growth in India. This news holds significant importance…
India’s Manufacturing PMI Hits 5-Month Low in September The manufacturing sector plays a pivotal role in any country’s economic growth, and monitoring its performance is crucial for policymakers and economists. In recent news, India’s Manufacturing Purchasing Managers’ Index (PMI) has taken a significant dip, hitting a 5-month low in September. This development has far-reaching implications,…
ICRA Forecasts India’s GDP Growth of 8.5% in Q1 2023 The Indian economy is a topic of utmost importance for aspirants preparing for various government exams, from civil services like IAS to banking and police officer positions. Keeping a keen eye on economic forecasts is crucial, and the latest prediction by ICRA (Investment Information and…
