 "India’s manufacturing sector surged in FY23, adding 1.3 million jobs and showing robust growth amid post-pandemic recovery.")
India’s manufacturing sector experienced significant job growth in FY23, adding 1.3 million new positions, up from 1.1 million in FY22. Data from the National Statistical Organisation shows a 7.4% rise in employment, reaching 18.5 million workers. This positive trend correlated with a 7.3% increase in the sector’s gross value added, totaling Rs 21.97 trillion. Key ...
 "Core sector production plummeted 1.8% in August, driven down by coal, oil, and electricity, raising concerns for industrial growth.")
In August 2024, the production growth of eight key infrastructure sectors in India saw a decline of 1.8 percent. This downturn was primarily due to lower outputs in coal, crude oil, natural gas, refinery products, cement, and electricity. This is a significant shift from the growth rate of 6.1 percent recorded in July. Despite the ...
 "China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.")
China’s recent economic measures, aimed at strengthening the Market, have sparked optimism among investors. The government’s “blitz” stimulation package includes an interest rate cut and financial aid for the impoverished, reflecting an assertive response to current challenges like post-pandemic recovery and a struggling property sector. However, reliance on military metaphors such as “bazooka” can be ...
 "The tragic death of EY employee Anna Sebastian Perayil sparks urgent reforms on work-life balance in India’s corporate sector.")
The tragic death of 26-year-old EY employee Anna Sebastian Perayil due to work pressure has sparked a significant conversation about work-life balance in India’s corporate sector. Following her death, major firms like Deloitte, EY, PwC, and KPMG are implementing new employee-friendly policies to address mental health issues and improve work conditions. Deloitte has formed a ...
 "SBI declares Jet Airways’ liquidation imminent as bidders fail to pay dues, escalating tensions in India’s volatile aviation sector.")
The State Bank of India (SBI) has expressed concern over the ongoing issues with the bankrupt airline Jet Airways, stating that the buyer, Jalan Kalrock Consortium (JKC), is refusing to pay outstanding dues. During a Supreme Court hearing, SBI indicated that liquidation may be the only option left for the airline, as JKC has failed ...
 "Indian IT sector sees a 6% revenue per head rise, but faces intense margin pressure amid peak operating metrics.")
The Indian IT sector saw a 6 percent year-on-year increase in revenue per head in the first quarter of financial year 2025, driven mainly by higher efficiency and subcontracting, rather than pricing improvements. Infosys led large companies with a 9 percent rise, while mid-tier firms like Persistent Systems and KPIT reported even stronger growth. However, ...
 "India’s Ambitious Leap: Aviation Sector Set for Major Transformation")
The Indian government is advancing plans to manufacture commercial aircraft domestically, as announced by Civil Aviation Minister K Rammohan Naidu. A special purpose vehicle will be established to involve industry stakeholders in this initiative. The recently passed Bhartiya Vayuyan Vidheyak Bill 2024 will regulate aircraft design and production, aligning with the Aatmanirbhar Bharat initiative aimed ...
 "India’s Services Sector Surges: PMI Hits Five-Month High Amid Cost Pressures")
India’s services sector saw its strongest growth in five months, with the Services Purchasing Managers’ Index (PMI) rising to 60.9 in August, up from 60.3 in July. This marks an ongoing expansion above the crucial 50-point mark since August 2021, driven by increased domestic orders and resilient demand despite a slight dip in international orders. ...
 "Adani Wilmar Eyes Expansion: Billion Acquisition Drive in FMCG Sector")
Adani Wilmar is set to enhance its presence in India’s packaged consumer goods Market with plans to acquire three food companies, backed by a $1 billion acquisition fund. This strategy focuses on brands that specialize in spices, ready-to-cook foods, and packaged edibles, aiming to increase revenue from consumer sectors to 25-30%. The company has already ...
