According to a statement released by the National Bureau of Statistics on Friday, the official manufacturing Purchasing Managers' Index (PMI) for last month dipped slightly to 49.1. This figure fell slightly below the median forecast of 49.0 predicted by economists surveyed by Bloomberg News and was marginally lower than January's reading of 49.2.
In contrast, a measure of non-manufacturing activity showed improvement, with a rise to 51.4 compared to the estimated 50.7. This uptick was attributed to increased activity in travel and tourism during a recent extended holiday period. Any reading above 50 indicates expansion from the previous month, while a figure below that signifies contraction.
Bu hikaye The Business Guardian dergisinin March 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin March 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
SBI Research: Global economic recovery to propel India’s FY24 GDP growth to 8%
The State Bank of India's Economic Research Department has published a comprehensive report forecasting robust economic growth for India, fueled by a global economic recovery. The report suggests India's GDP could reach 8% in FY24, buoyed by positive economic indicators and favorable monsoon forecasts.
Workshop for 220+ Sanchar Mitras from 20+ States and UTs
The Department of Telecommunications in collaboration with National Telecommunications Institute, Ghaziabad (NTIPRIT) on Tuesday conducted an awareness workshop for Sanchar Mitras, with the programme seeking to establish a bridge between the DoT and citizens, fostering a collaborative approach towards telecom issues.
Rahul Gandhi mocks PM Modis Sent by God’ remark
Congress leader Rahul Gandhi ridiculed Prime Minister Narendra Modi on Tuesday for his \"sent by God\" statement, suggesting that PM Modi was appointed by his \"parmatma (God)\" to assist industrialists like Gautam Adani and Mukesh Ambani rather than the poor. This follows PM Modi's recent interview where he claimed he had been \"sent by parmatma\" (God).
SINDH MINISTER URGES PROBE INTO ELECTRICITY SUPPLY COMPANIES' ACCOUNTS
Sharjeel Inam Memon, the senior minister for information, transportation, excise, taxes, and drug control in Sindh, called on Monday for an audit of energy supply companies' finances to ascertain their profits. In a media interview, the minister accused SEPCO, HESCO, and K-Electric of constitutional violations.
ICJ Directed Israel To immediately Halt Military Operations In Rafah; Affirms Directions To Protect Palestinians
The International Court of Justice, ICJ in the case has directed Israel to immediately stop its military offensive operations in Rafah in Palestine.
GUJARAT HIGH COURT DISMISSED BLACK STONE CORPORATION'S PETITION, DIRECTS TO APPEAL UNDER SECTION 107 OF GST ACT: ADEQUATE HEARING OPPORTUNITY GIVEN
The Gujarat High Court in the case Black Stone Corporation Private Limited Vs State Of Gujarat And Ors dismissed the writ petition filed by Black Stone Corporation Private Limited, wherein the court observed that petitioner was afforded an adequate hearing opportunity in the matter.
Calcutta High Court Temporarily Restrained WB Police From Probing Allegations Of Firearms And Cash Found At BJP Leader Suvendu Adhikari’s Secy’s Premises
The Calcutta High Court in the case Suvendu Adhikari vs State Of West Bengal And Ors observed and has restrained the West Bengal police from investigating complaints of firearms and large sums of cash allegedly found at the residence-cumoffice of BJP leader of opposition Suvendu Adhikari, which was in the name of his personal secretary.
DELHI COURT CONVICTS MEDHA PATKAR IN DEFAMATION CASE FILED BY LG VK SAXENA
The Delhi Court in the case observed and has convicted Narmada Bachao Andolan leader and activist Medha Patkar in the criminal defamation case which is lodged against her by Vinai Kumar Saxena in the year 2001.
First Indian diaspora document digitization in Oman concludes
In collaboration of India National Archives of India (NAI), the Indian embassy in Muscat has accomplished a ground breaking initiative: the successful archiving of historical documents belonging to the Indian diaspora in Oman.
India and France to start talks this week on Rs 50,000 Cr deal for 26 Rafale Marine jets
Negotiations for the over Rs 50,000 crore deal involving 26 Rafale Marine fighter jets between the governments of India and France are set to commence on May 30.
