India's services growth hits 5-month low on rains, competition
India's services sector expansion slowed to a five-month low in October as torrential rains and intense competition impacted business activity, according to the latest PMI data.
India's services sector expansion slowed to a five-month low in October as torrential rains and intense competition impacted business activity, according to the latest PMI data.
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India's industrial production maintained a steady 4% growth in September 2023, with manufacturing sector showing robust performance despite global headwinds. Key sectors including mining and electricity also contributed to the positive economic indicators
India's industrial sector demonstrates resilience as factory output maintains 4% growth in September. Infrastructure and manufacturing emerge as strong performers, while mining activity shows signs of moderation.
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India's economy demonstrates remarkable resilience with strong GDP growth, moderating inflation, and robust GST collections signaling sustained economic momentum through September.