Congress leader Rahul Gandhi (File photo) NEW DELHI: Rahul Gandhi, leader of opposition in Lok Sabha, took a swipe at the central government on Sunday over the dip in Gross Domestic Product (GDP) growth rate, which slumped to seven-quarter low of 5.4 per cent.Criticising the government over the concerning GDP data, the Congress leader claimed…
NEW DELHI: The country’s industrial output contracted for the first time in 22 months in Aug, dragged down by the high base effect and decline in mining and electricity and a weak manufacturing sector.Data released by the National Statistics Office (NSO) on Friday showed the index of industrial production (IIP) contracted 0.1% in Aug compared…
India’s manufacturing sector experienced a slowdown in growth during May, with the HSBC final India Manufacturing Purchasing Managers’ Index falling to 57.5 from 58.8 in April. Despite this decline, the index remained above the 50-mark, indicating continued expansion in the sector. The slowdown was attributed to a combination of factors, including a heatwave that led…
India FY24 GDP growth data: Indian economy grew at a faster-than-expected rate of 7.8% year-on-year in the January-March quarter, driven by robust growth in the manufacturing sector. For the full year 2023-24 it is estimated that India’s GDP is estimated to have grown at a robust 8.2%. Economists anticipate this momentum will remain strong throughout…
Apple Awas Yojana? Apple’s ecosystem, which has already created 150,000 direct jobs in the past two and a half years in India, is now focusing on providing residential facilities for its factory employees. This move aligns with the industrial housing models seen in China and Vietnam.According to government officials speaking to ET, Apple’s contract manufacturers…
