India’s services sector recorded a strong start to 2025 as the activity climbed to a two-month high in January, thanks to improving demand and firms expanded capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index climbed to 58.5 in January, up from 58.0 in December, reflecting faster growth in output and new business….
The International Monetary Fund has highlighted India’s position in world economy, saying that New Delhi continues to play a crucial role in driving global economic growth, with recent indicators pointing to stronger-than-expected performance. Addressing reporters during a media briefing on Thursday, IMF spokesperson Julie Kozack said that India has emerged as one of the world’s…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
India’s economic expansion in FY26 may exceed current official projections once the government adopts a revised GDP base year, a report by State Bank of India (SBI) has indicated. At present, the National Statistical Office’s (NSO) first advance estimates place real GDP growth at 7.4% for FY26, marking a rise from 6.5% recorded in FY25….
Finance Minister Nirmala Sitharaman (File photo) Finance Minister Nirmala Sitharaman on Wednesday clarified that the International Monetary Fund (IMF) did not question India’s growth figures, and said the Fund’s ‘C’ grade on national accounts stems solely from the use of an outdated base year. She said the IMF, in fact, acknowledged India’s healthy economic performance…
File photo (Picture credit: AP) The US government will not release official inflation or jobs figures for October after the record-long shutdown prevented statisticians from gathering essential data, leaving the Federal Reserve without two major indicators ahead of its December policy meeting.The Bureau of Labor Statistics (BLS) confirmed on Friday that the October consumer price…
NEW DELHI: India slipped 13 ranks to figure at the 23rd position in the latest Climate Change Performance Index (CCPI), which was released by environmental think tank Germanwatch on the sidelines of the ongoing UN climate conference (COP30) in Belem, Brazil on Tuesday.It’s the biggest fall of India on the CCPI ranking in the recent…
NEW DELHI: As a grey blanket of smog smothered the city and Delhiites struggled to breathe, air pollution data went missing for a major portion of Monday. Since 1 pm, neither hourly air quality index (AQI) updates nor the city’s daily average had been released till late evening, even as the air visibly worsened since…
Lenny Wilkens. Image via: Getty Images The basketball world is mourning the loss of Lenny Wilkens, a trailblazing figure who shaped generations of the sport both on and off the court. The Hall of Famer, remembered for his graceful playmaking and calm authority as a coach, passed away Sunday at the age of 88. Wilkens,…
MUMBAI: Speaking to the media on Thursday after his meeting with PM Modi in Mumbai, UK PM Keir Starmer confirmed that the issue of India’s purchase of Russian oil amid the Russia-Ukraine conflict was discussed between them. The UK leads the coalition of the willing which has pledged support for Ukraine.When asked a direct question…