India's economy remains resilient even as manufacturing activity weakens and cost pressures build, said Sakshi Gupta, Principal Economist at HDFC Bank, reacting to August PMI data. The services sector continues to expand…
RBI Deputy Governor Poonam Gupta said India's economic growth could exceed the central bank's 6.7% forecast and approach 7%, citing stronger-than-expected high-frequency indicators. In a speech on Thursday, Gupta said a 7.5%…
India's private sector growth accelerated in August, driven by a strong performance in services that offset a slowdown in manufacturing, according to the HSBC India Purchasing Managers' Index (PMI) data. The composite…
India's household financial savings rate has been declining, posing a threat to long-term economic growth, according to economists. The net household financial savings as a percentage of GDP fell to a multi-year…
