Despite the slowdown, the HSBC Services PMI data suggests that India's services sector remains resilient, with solid job creation, strong export growth, and steady business confidence. However, inflationary pressures and rising competition could act as headwinds in the coming months.
"Saying things about Opposition, holding the Opposition responsible for everything, not speaking about his own responsibilities...Unemployment has broken records, inflation has gone up, you rendered the youth unemployed, did not double farmers' income - but there was no mention of any of thi
The Indian rupee has been steeply depreciating for the past few weeks. It fell to a record low of 87.29 per dollar on Monday, weighed down by concerns over trade tariffs imposed by US President Donald Trump and global market uncertainties.
The country's retail inflation is expected to decline to 4.5 per cent in the last quarter (January-March) of the financial year 2024-25 (FY25), while the overall average inflation for the year is likely to be at 4.8 per cent, according to a recent report by the State Bank of India (SBI).
Budget 2025 prioritises non-inflationary growth through careful fiscal management, with the government's entire borrowing of Rs 15.68 lakh crores channelled exclusively into capital expenditure, Finance Secretary and Secretary, Department of Revenue, Tuhin Kanta Pandey told industry leade
"India's final manufacturing PMI marked a six-month high in January. Domestic and export demand were both strong, supporting new orders growth. The employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was cre
CPI(ML) MP Sudama Prasad reacted to the Union Budget, raising concerns over rising unemployment and inflation, stating that while the budget claims to provide relief to the middle class, the ground reality tells a different story.
In a statement, PTI Central Information Secretary Sheikh Waqqas Akram criticised the government for its 300 per cent increase in the salaries of parlimantarians to protect them from inflation while burdening ordinary people through relentless rise in gas prices and petroleum products.
BSP President Mayawati criticizes the Union Budget 2025, calling it politically motivated and not focused on addressing the people's struggles with inflation, unemployment, and basic facilities.
Ahead of Union Budget 2025, Punjab Finance Minister Harpal Singh Cheema demands a special package for Punjab, including MSP guarantees and crop diversification, while MP Congress leader Jitendra Patwari criticises the government's handling of inflation and national debt.