The Nikkei India Manufacturing Purchasing Managers Index (PMI), fell from 52.1 in February to a five-month low of 51.0 in March, indicating the slowest improvement in operating conditions recorded by the survey since last October.
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging unless it can be financed through better revenue generation.
"We can go back to being 25% of the global economy if we get Indian entrepreneurship right," says Saurabh Srivastava.
Infrastructure can be a game-stopper for the economy if capacity addition is not done proactively. India's infrastructure is bursting at its seams.
This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
RBI's policy stance must address concerns over slowing output
With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand. She rooted for government policies focusing on managing a slowdown in domestic demand, and on boosting productivity growth and supporting employment creation in the medium term.
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
Finance Minister Pranab Mukherjee on Friday said surging food and fuel prices amid weak global economic growth are adversely impacting GDP growth of the country.
The Monster Employment Index for the month of August stood at 153, registering a 25 per cent jump over the same period a year ago, when the index level was at 122.
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
'The rate cut could have been higher in the current economic conditions which would have had a stronger impact on business sentiment and spurred investment in a big way.'
The yellow metal now trades at a 0.5 per cent premium over its landed cost, compared to a 4 per cent discount in mid-September because jewellers have voluntarily withdrawn the display of cash price from their website.
Business confidence remained positive in August and was driven by upbeat forecasts of sales, an expected improvement in demand and promotional activities
The headline HSBC Services Business Activity Index was at a 17-month peak of 54.4 in June rising from a modest 50.2 in May, HSBC said adding that 'the Modi wave has struck the service sector'.
The Manpower Employment Outlook Survey released on Tuesday also said that hiring activities are picking up in some sectors on the hopes of 'business sentiment turning positive in anticipation of a stable government coming to the helm'.
Hiring intent in IT and ITeS was the highest in cities like New Delhi, Mumbai, Hyderabad and Pune.
"We are looking at a gross addition of about 12,000 in our workforce and we are continuing with yearly target at 45,000 people," Infosys CEO and Managing Director S Gopalakrishnan said.
Asian Development Bank on Wednesday lowered India's economic growth forecast for FY2019 to 5.1 per cent on slowing job prospects, rural distress exacerbated by poor harvest and credit crunch. Growth in FY2020 is likely to recover thanks to this support, low oil prices, and a weakening rupee, but risks to the projections remain tilted to the downside, it said on India.
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
The expansion in total new orders was supported by greater sales to international markets
PMI went up from 51.2 points in May to 53.1 in June. Owing to the June figure, PMI for manufacturing stood at 51.9 points in the first quarter of 2018-19 against 51.8 points in the fourth quarter of 2017-18.
The trend is expected to remain bullish in 2015, global consultancy Grant Thornton said
The RBI announced its monetary policy on Tuesday.
Banks lend 60,000 cr in 8 weeks since Nov 8; Y-o-Y credit expansion slows further.
In the Macroeconomic & Monetary Developments report released this evening, the central bank drew comfort from the forecasters' survey -- which estimated that the Indian economy would grow by 6.9 per cent this year -- and improved business sentiments.
Hiring saw a significant push in the country in November across all sectors with auto, insurance and telecom sectors witnessing a double-digit percentage growth.
Naukri.com's monthly job index -- JobSpeak -- moved up to 947 in June this year compared to 784 in the same month of 2009.
As per Hewitt's annual Salary Increase Survey 2009-10, the double-digit hike in salaries are anticipated for this year led by sectors like telecom, engineering, pharma and energy.
With the market sentiments improving and enhanced focus on domestic market, IT firms have got back to the hiring spree.
The US-based research firm Dun and Bradstreet has projected sharp decline in business confidence in India for the first quarter of 2009, mainly on account of decreasing demand and erosion of profits.
India Inc's India's Business Confidence Index has gone up by 5.4%.
'The economy needed 3 or 4 major fixes. The major one was, of course, the direct tax structure, but we ended up complicating the existing convoluted tax structure,' says M R Venkatesh, chartered accountant and lawyer.
India Inc has high hopes from the upcoming Budget.
The Indo-US Business Confidence Index, carried out by the Indo-American Chamber of Commerce, has dipped to 217 at the end of 2007, compared to 219 in 2006 and the decline was attributed to deceleration in the growth of export of services from India due to appreciation of rupee and slowdown in the US economy, according to latest index released on Monday.
Sentiment has improved but no progress on GST & ending 'tax terrorism' disappoints.
The serial blasts are unlikely to completely derail commercial activity in Mumbai.
The country has been clocking a sub-5 per cent growth for the past two financial years, mainly on account of slowdown in investments.
The HSBC India Services Business Activity Index, that tracks changes in activity at Indian services companies on a month-by-month basis, fell from 51.6 to exactly 50.0 in October.
While sales of Maruti's compact segment grew, its mini segment witnessed a slump
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