New Delhi, Jan 21 (IANS) The Indian manufacturing sector is seeing sustained growth and “increasing optimism” across scale as the industry’s performance index touched an all-time high in the third quarter of FY26, a report has said.The Federation of Indian Chambers of Commerce and Industry’s (FICCI) latest Quarterly Survey on Manufacturing (QSM) saw 91 per cent of respondents reporting higher or stable production levels, up 4 per cent from the 87 per cent recorded in the previous quarter.Indus…
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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…
New Delhi, Dec 29 (IANS) Healthy gains in manufacturing and mining suggest that underlying industrial momentum is strengthening in India, potentially supporting broader economic performance in the near to medium term, industry leaders and economists said on Monday.The Index of Industrial Production (IIP) registered a record high growth of 6.7 per cent (quick estimate) in November, compared to 5 per cent in the same month last year, “driven by notable deceleration in the manufacturing and mining …
New Delhi, Dec 29 (IANS) The growth rate of India’s industrial production surged to 6.7 per cent in November this year compared to the same month of the previous year after having slowed to 0.4 per cent in October due to the long holiday season in the festive month, according to figures released by the Ministry of Statistics on Monday.The strong industrial growth was driven by an 8 per cent surge in the manufacturing sector, led by a robust performance in basic metals and fabricated metal prod…
New Delhi, Dec 26 (IANS) Aggregate small‑business credit exposure in India reached Rs 46 lakh crore, up 16.2 per cent year‑on‑year, a report said on Friday.The report from CRIF High Mark and SIDBI said that active loan accounts grew 11.8 per cent to 7.3 crore, supported by policy measures and government credit schemes for micro, small and medium enterprises.Among businesses with credit exposure up to Rs 5 crore, the report found that formalisation was advancing with 23.3 per cent of borrow…
Berlin, Dec 23 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, has asserted that Prime Minister Narendra Modi’s vision for India is fundamentally flawed and will fail, while alleging that the country has effectively handed over its production base to China.Delivering a speech at the Hertie School in Berlin, Germany, on the theme ‘Politics Is The Art Of Listening’, Gandhi said there was a deep ideological clash over the idea of India itself.”A lot of us do not agree with his ideology,…