By Indradip Ghosh As price pressures eased due to strong demand, activity in India's dominant services sector expanded at the fastest pace in 12 years this February. The S&P Global India Services Purchasing Managers' Index (INPMIS=ECI) rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above...
India's Factory and Services Output on Growth Trajectory
Boosted by increasing new orders, India's manufacturing sector expanded activity at the fastest pace in four months in October. "Manufacturing continued to make up for ground lost in August, with a robust and accelerated rise in new orders boosting production growth in October," said Pollyanna De Lima, principal economist at...
PMI Data, Fitch Affirm India's Economy Momentum
Fitch’s reading of India’s economic outlook, and its projection of 7.7 per cent growth in 2017-18 and 2018-19, against 7.1 per cent last year, is an affirmation of India's positive economic growth. Even though Fitch retained India’s sovereign ratings at BBB- with a stable outlook, it expressed confidence that the...