Key Points
India's manufacturing sector displayed resilience even as activity moderated in July for second straight month owing to moderation in output and new orders, data showed on Tuesday...
"The ... sector has maintained its position as one of the star performers globally, bucking the trend of demand weakness seen in other parts of the world," noted Andrew Harker, economics director at S&P Global Market Intelligence...
Firms expected activity to stay elevated over the coming year and the future output sub-index remained high at 65.3, albeit slightly lower than in June...
Annual retail inflation rose to 4.81% in June - snapping four months of easing - and is expected to increase over coming months, pushing markets to anticipate the Reserve Bank of India will keep its key policy rate high for a longer period...
Meanwhile, data released Monday showed that the output of eight key infrastructure sectors expanded at a five-month high rate of 8.2 per cent in June on healthy performance by sectors such as natural gas and steel,..
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