seach-icon
  • user-img

    Vikshita Vitthal Gujaran in News

    19-Jan-2023 07:38 AM


    thumbnail

    Budget 2023: India's Buzzing Economic Activity Belies Fears Of A Slowdown

    New orders in manufacturing also climbed the fastest since February 2021.
    India still has some vulnerabilities on the path ahead.
    "While some may question the resilience of the Indian manufacturing industry in 2023 amid a deteriorating outlook for the global economy, manufacturers were strongly confident in their ability to lift production," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
    Exports Exports fell 12.2% in December compared to a year ago, but at $34.5 billion were still at a three-month high in value terms, data released by the trade ministry showed.
    Market Sentiment Electricity consumption, a widely used proxy to measure demand in industrial and manufacturing sectors, rose from the previous month.
    Peak demand at the end of December rose to 171 gigawatt from 162 gigawatt a month ago.

    Source - https://www.ndtv.com/business/budget-2023-indias-buzzing-economic-activity-belies-fears-of-a-slowdown-3705433#pfrom=home-business_topstories