Key Points
Other high-frequency indicators for August, including the S&P Global India Manufacturing Purchasing Managers' Index (PMI) and car sales, also showed positive signs for the economy..
The demand for aviation turbine fuel (ATF) rose by 9.5% year-on-year, and the Unified Payments Interface (UPI) crossed 10 billion transactions for the first time in August..
Goods and services tax (GST) rose 11% in August from a year earlier to 1.59 lakh crore, maintaining the recent robust pace of growth, though easing slightly from 1.65 lakh crore in July, showed data released on Tuesday...
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 58.6 last month compared with 57.7 in July, according to data released Friday by S&P Global Market Intelligence..
The PMI data showed sales and production rose at the fastest pace in almost three years in August while input stocks built up at the second-strongest rate on record, suggesting strong optimism into the festive season...
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