New Delhi, June 28 (IANS) India’s industrial production clocked a 5.1 per cent growth in May this year compared to the same month of the previous year on the back of a strong growth in the manufacturing sector and a surge in the electricity & gas supply sector during the month, according to the new series data released by the Ministry of Statistics on Monday.The industrial growth rate accelerated in May from 4.9 per cent in April.The manufacturing sector, which accounts for more than three-f…
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Mumbai, June 27 (IANS) The Indian equity benchmarks posted a third consecutive week of gains, over sharp correction in crude oil prices to pre‑Iran war levels and improved traffic at the Strait of Hormuz.Nifty added 0.18 per cent during the week and edged up 0.14 per cent on the last trading day to reach 24,056. At close, Sensex was up 109 points or 0.14 per cent at 77,100. It added 0.39 per cent during the week.The domestic markets navigated a week of mixed signals with notable resilience, ev…
Mumbai, June 21 (IANS) Indian equity markets are expected to remain cautiously optimistic in the next week, supported by easing geopolitical tensions in West Asia, softer crude oil prices and improving global risk sentiment, according to analysts on Sunday.Benchmark indices ended the previous week on a strong note, with Nifty gaining 390 points or 1.65 per cent to close at 24,013.10.Similarly, Sensex advanced around 1.7 per cent on a weekly basis, while broader markets outperformed with gains of…
Washington, May 19 (IANS) US Vice President JD Vance said the Trump administration was rebuilding American manufacturing after decades of industrial decline, arguing that Washington had finally begun prioritising domestic workers and reducing dependence on overseas production hubs such as China.In a major policy speech in Kansas City, Missouri, Vance said the administration’s economic agenda as a direct response to years of factory closures and job losses in industrial communities across the U…
Seoul, May 12 (IANS) The South Korean economy is showing signs of recovery, thanks to robust semiconductor exports and improving consumption demand, but downside risks persist due to uncertainties surrounding the Middle East, a state-run think tank said on Tuesday.”Exports are growing at a high rate, led by semiconductors, while domestic demand continues to improve,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.But the KDI said downsid…
New Delhi, Feb 12 (IANS) India’s manufacturing performance has strengthened further in recent quarters, with GVA (gross value added) growth of 7.72 per cent in Q1 FY26 and 9.13 per cent in Q2, supported by a gradual shift towards higher-value production, improved industrial infrastructure, and wider adoption of technology and formalisation, an official statement said on Thursday.The Economic Survey 2025-26 highlights that medium- and high-technology industries now contribute 46.3 per cent of I…
New Delhi, Jan 24 (IANS) The recent policy actions are beginning to show positive effects across the economy, with improvements in credit and deposit growth, industrial activity, and several consumption-related indicators, a new report has said.The report from BNP Paribas India said improvements in indicators such as credit and deposit growth, IIP, auto sales, port traffic, GST e-way bills, fuel consumption, and consumer sentiment, though export growth and GST collections have moderated.“Most …
New Delhi, Jan 11 (IANS) While China has accumulated a massive trade surplus of $1 trillion which is often seen as a reflection of the Asian giant as a manufacturing powerhouse, the truth is that it is also an indicator of weak domestic demand, a weakening Chinese currency, and a slowing economy, according to an article.The International Monetary Fund has warned China against economic imbalances. A country of 1.4 billion people is too big to rely only on exports to ensure a high growth rate, IMF…