Services Surge
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
Dr SP Sharma, Chief Economist and Deputy Secretary General of PHDCCI, said that India is a very resilient economy that will continue to grow rapidly in the future.
India's economic growth has been remarkable in recent years, earning it the title of the world's fastest-growing major economy. Yet, beneath this headline success lies a significant challenge: job creation.
India’s manufacturing sector, a key pillar of the nation’s economic growth, is showing signs of a slowdown, raising concerns about the trajectory of the broader economy.
The South China Sea has emerged as a flashpoint as several countries have claims to certain portions of this maritime space. While some Southeast Asian countries make claims to the oceanic space in the South China Sea that falls within their respective Exclusive Economic Zones, China makes a claim on almost its entirety.
While trying to understand how MSMEs can grow fast and create jobs – India’s foremost economic challenge we came across a remarkable example. Mr Jain, owner of an apparel firm from Mumbai turned a modest Rs 15 crore operation into a Rs 250-crore powerhouse in less than eight years.
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NSE's benchmark Nifty advanced by 1.15 per cent, while BSE's benchmark Sensex gained 0.81 per cent, closing at 24,823.15 and 81,086.21 respectively.
India's trade figures for July 2024 underscore some concerning trends that reflect deeper structural issues within the economy.
China’s economy, once lauded for its rapid growth, now faces a critical juncture as it struggles to maintain momentum.
