Key Points
Manufacturing activity in India saw a moderate uptick in November on strengthening client demand amid retreating inflationary pressures, a private survey showed on Friday...
"India's manufacturing economy is clearly in good shape as 2023 draws to a close, with expectations for a continued strong performance in 2024," noted Pollyanna De Lima, economics associate director at S&P Global...
"Prices for raw materials and components still rose in November, but improved availability at suppliers amid subdued global demand for inputs led to a considerable retreat in cost pressures," added De lima...
Data released Thursday shows that India's economy grew 7.6 per cent in the September quarter of the ongoing financial year and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services...
The double-digit growth in the industry sector, especially in manufacturing and construction, is suggesting that businesses ramped up production to meet the pent-up demand just before the festivals, said Rumki Majumdar, Economist, Deloitte India..
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