Newsroom24x7 Business Desk Mumbai: While Fitch Ratings have cut their growth forecasts for the next fiscal year (FY20, ending in March 2020) on weaker-than-expected momentum, they still see Indian GDP growth to hold up reasonably well, at 6.8%, followed by 7.1% in FY21. The RBI has adopted a more dovish monetary policy stance and cut… Read More Indian GDP growth to hold up in FY21
Newsroom24x7 Network Mumbai: Four years down the line, after Narendra Modi assumed office as Prime Minister, with inflation clouds looming over Indian economy, the Reserve Bank of India has increased the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.5 per cent. The decision to hike the rate, after four… Read More Inflation clouds force RBI to increase repo rate
Newsroom24x7 Desk New Delhi : Nikkei’s Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to a 28-month low of 49.1 in December from the earlier value of 50.3 as at November. Interpreted in analysis, it indicates that Indian manufacturing activity contracted in December for the first time in more than two years. The reasons outlined… Read More PMI shows contraction in Indian manufacturing activity, first time since 2 years
