New Delhi, May 6 (IANS) India’s services sector activity strengthened in April, with the Purchasing Managers’ Index (PMI) rising to a five-month high of 58.8, because of robust domestic demand and increased business activity, the HSBC India Services PMI data showed on Wednesday.The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 57.5 in March to 58.8 in April, which is the strongest pace of expansion since November.Moreover, new business inflows also grew at the f…
Latest Domestic Demand News & Updates
New Delhi, April 23 (IANS) Indian oil marketing companies (OMCs) have begun relying on their commercial crude inventories as supply chains tighten following the closure of the Strait of Hormuz amid escalating geopolitical tensions in West Asia, according to a report on Thursday.The disruption linked to the ongoing US-Israel conflict involving Iran has constrained supplies from the Gulf region, while sharply increasing freight charges, insurance premiums and transit durations, NDTV Profit reporte…
Mumbai, April 9 (IANS) Global brokerage firm Morgan Stanley on Thursday said that Indian markets are poised for a strong rally with Sensex likely to touch 95,000 level by December 2026.In its latest India Equity Strategy Playbook report, the brokerage firm said that the current combination of depressed valuations, improving earnings momentum and cautious investor positioning reflects conditions typically seen near the end of market downturns.In the base case, the headline index Sensex is expecte…
Washington, April 8 (IANS) India’s economy is projected to grow 7.6 per cent in FY2025/26 before moderating to 6.6 per cent the following year, anchoring South Asia even as regional growth slows to 6.3 per cent in 2026, the World Bank said on Wednesday. The latest South Asia Economic Update said India remains the primary engine of regional expansion, with its growth underpinned by strong domestic demand, trade reforms, and new agreements, including a free trade pact with the European Union….
New Delhi, Jan 29 (IANS) A strong manufacturing sector can push India’s medium-term economic growth to 7.5 or 8 per cent, higher than the 7 per cent projected in the Economic Survey, Chief Economic Adviser V. Anantha Nageswaran said on Thursday.Addressing the media after the tabling of the Economic Survey in the Parliament, the CEA said that a strong manufacturing sector, which pushes up exports, would also reduce the current account deficit and bolster the rupee.He also said that the sector i…
New Delhi, Jan 18 (IANS) Business confidence in India is steadily improving, reflecting strong domestic demand and expectations of continued reforms in the Union Budget 2026–27, according to the latest Business Outlook Survey by the Confederation of Indian Industry (CII) on Sunday.CII’s Business Confidence Index rose for the third straight quarter to 66.5 in Q3 FY26, marking its highest level in five quarters.The report showed that companies are optimistic about demand, profitability and inv…
New Delhi, Jan 16 (IANS) The central government’s fiscal deficit is expected to be set at 4.2 per cent of GDP for FY27 in the upcoming Union Budget (against the target of 4.4 per cent in FY26) — corresponding to moderation in debt to 55.1 per cent of GDP, a Morgan Stanley report said on Friday.The pace of consolidation will be consistent with central government debt reduction to 55.1 per cent of GDP from 56.1 per cent in FY26.“A pickup in nominal growth will help to lift tax buoyancy and imp…
Washington, Jan 13 (IANS) India’s economy is projected to remain among the world’s fastest-growing major economies, with growth estimated at 7.2 per cent in FY2025-26, supported by strong domestic demand despite rising global trade tensions, the World Bank said on Tuesday.In its latest Global Economic Prospects report, the World Bank said India’s resilience helped lift overall growth in South Asia in 2025, offsetting the impact of heightened policy uncertainty and global trade frictions.Grow…
New Delhi, Jan 7 (IANS) India’s equity market narrative in 2026 is expected to move away from broad-based rallies and shift towards selective, fundamentals-driven opportunities, as investors grapple with elevated valuations and uneven global growth, a new report said on Wednesday.While strong domestic macro conditions and a gradual earnings recovery remain supportive, the data compiled by Client Associates said disciplined stock selection will be key in navigating the year ahead.The asset mana…