[ad_1] The Organisation for Economic Co-operation and Development (OECD), on Tuesday, cut its gross domestic growth forecast for India for the current financial year (FY23) to 6.6 per cent from 6.9 per cent, citing higher medium-term global uncertainty and slowing domestic economic activity. OECD is the latest of a host of banks, […]
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[ad_1] India’s merchandise exports contracted for the first time in two years, in October, as slowing external demand amid recession fears in the West started impacting shipments from the country, further exacerbated by a higher number of holidays during the festival month. The exports declined 16.65 per cent in October to $29.78 billion, the data […]
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[ad_1] The growth momentum in India’s manufacturing sector is likely to have picked up in the September quarter and may sustain for the next six to nine months over rising capacity utilisation, according to the latest quarterly survey on Indian manufacturing sector by Federation of Indian Chambers of Commerce and Industry (FICCI). […]
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[ad_1] Even as merchandise export growth fell to single digits in three months, services exports continued to remain robust and witnessed 25-30 per cent growth since the beginning of the current fiscal year (July-September), reveals official government data. Notwithstanding the threat of a recession looming ahead for the developed economies, exporters say […]
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