RBI Launches Quarterly Manufacturing Survey for Q2 2024 The Reserve Bank of India (RBI) has initiated its quarterly manufacturing survey for the second quarter of 2024, aimed at assessing the performance and expectations of the manufacturing sector in the country. This survey plays a crucial role in providing insights into the economic health of the…
India’s Factory Output and Industrial Production Highlights India’s industrial production witnessed a significant uptick in the latest data released by the government. The Index of Industrial Production (IIP) rose by 12.9% in March compared to the same period last year. This surge comes after a period of sluggish growth, indicating a potential rebound in the…
India’s Manufacturing Activity in April: Second Strongest in 3.5 Years India’s manufacturing activity witnessed a significant surge in the month of April, marking its second-strongest performance in the past 3.5 years. This boost comes as a promising sign for the country’s economic recovery amidst the ongoing challenges posed by the COVID-19 pandemic. The Purchasing Managers’…
Import Duty on Phone Components Reduced to 10% from 15% In a recent development that holds significant implications for students preparing for various government exams, the government has announced a reduction in import duty on phone components. This move, aimed at fostering the electronics manufacturing sector, is poised to impact candidates aspiring for positions such…
India’s Manufacturing Sector Shows Resilience in November with a PMI of 56 The Indian manufacturing sector has demonstrated commendable resilience in the month of November, showcasing a Purchasing Managers’ Index (PMI) of 56. This significant indicator, released by IHS Markit, reflects a noteworthy expansion despite global economic challenges. In a time when economies worldwide are…
Foxconn’s $1.5 Billion Investment Sparks Technological Boom in India Foxconn, the Taiwanese multinational electronics contract manufacturing company, recently announced a substantial investment of $1.5 billion in India. This move aims to bolster the country’s technological landscape and strengthen its position in the global market. The investment by Foxconn is a significant stride towards India’s goal…
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