Economic Activity News
Colombia central bank board cuts interest rate to 10.25%
COLOMBIA-RATES/ (UPDATE 2):UPDATE 2-Colombia central bank board cuts interest rate to 10.25%
2 min read1 Oct 2024China’s Bulging Commodity Stockpiles Lay Depth of Slowdown Bare
Inventories of key raw materials are piling up in China, evidence that economic activity remains too feeble to clear a surplus that’s crushing prices from steel to soybeans.
4 min read2 Sep 2024India’s services PMI falls to 60.1 in August from 62.3 MoM
Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010.
1 min read5 Sep 2023India’s economy as third largest: Just a guarantee of the inevitable | Mint Primer | Mint
Prime Minister Narendra Modi’s claim of India becoming a top-three economy is likely due to population and economic growth, rather than his term. Yet, GDP isn’t the sole indicator of well-being. While GDP is significant, economists prioritize economic growth and per capita income. Japan’s stagnant economy challenges the idea of GDP as the only measure. Other factors like health, education, and environment, ignored by GDP, define a nation’s well-being. India’s low rankings in hunger, gender gap, and press freedom highlight the discrepancy. GDP should be supplemented with holistic measures to gauge true progress and citizen benefits.
14 Aug 2023Importing Laptops Into India Will Now Require a Permit
It is India’s latest move aimed at curbing Chinese imports while boosting local manufacture
3 min read4 Aug 2023E-way bills 3rd highest in July despite rain-led disruptions
Besides economic recovery, the government’s heightened vigil on tax compliance has been contributing to compliance under GST— both in terms of revenue collection and in reporting of transactions.
2 min read4 Aug 2023India’s manufacturing PMI eases for second month to 57.7 in July
Pressure continued to come on capacity, prompting firms to expand employment solidly again, a trend that is likely to continue in the months ahead should demand remain strong, S&P said.
2 min read1 Aug 2023Indian hotels to witness decadal-high occupancy of 70-72% in FY24
Consistent improvement in consumer sentiments despite the inflationary environment, stable corporate performance, and domestic air passenger traffic inching above pre-covid levels augur well for travel and hotel demand.
3 min read19 Jul 2023‘Business confidence improved in June qtr’
Business confidence in India has improved in Q2 2019, according to a survey by the Confederation of Indian Industry (CII). The CII’s Business Confidence Index increased to 66.1 in Q2, up from 64 in the previous quarter. The survey also found that businesses are optimistic about prospects for fresh private investments, with the majority of respondents expecting the economy to grow at 6-7% this fiscal year. However, concerns were raised over slowing growth in developed economies and geopolitical risks impacting economic growth in the future.
1 min read9 Jul 2023Manufacturing engine sees moderate slowdown
The seasonally adjusted S&P Global India Manufacturing PMI fell to 57.8 in June from 58.7 in May. A reading above 50 indicates expansion.
2 min read4 Jul 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared