Tag Archives: India PMI

Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …

NEW DELHI: India’s manufacturing output expanded for the first time in five months in August, indicating a shift in industrial activity following the gradual relaxation of lockdown restrictions, starting in June, according to a private survey. According to data analysis firm IHS Markit, India’s Purchasing Managers Index (PMI) for the …