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Fitch Ratings ups India's FY24 economic growth estimate by 30 bps to 6.3%

Cites stronger outturn in Q4, but cautions against slowdown in global trade

New formal job creation at 4-month high in April, shows EPFO data

Of the new subscribers, the share of women saw a marginal increase to 225,395 (26.6 per cent) in April from 190,630 (25.1 per cent) in March

India to see a downward trend in its debt burden: Moody's Investors Service

Moody's has a 'Baa3' sovereign credit rating on India, with a stable outlook. Baa3 is the lowest investment grade rating

Skill Impact Bond: Initiative skilled nearly 18,000 first-time job seekers

The initiative has skilled nearly 18,000 first-time job seekers, 72% of whom are women

Developed world slowdown to apply brakes on India's remittance inflows

Growth in remittance flows into India to decelerate to 0.2% in 2023, from 24% in 2022: World Bank

WPI inflation in May falls to over 7-year low of -3.48%, shows govt data

The wholesale inflation was 16.63 per cent in May 2022. Earlier, it was minus 3.7 per cent in October 2015

Retail inflation cools to over two-year low in May; IIP growth recovers

Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April

India and Indonesia to drive Asia's growth: Morgan Stanley, Nomura

While Morgan Stanley projected a 6.2 per cent GDP growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023

Services PMI declines to 61.2 in May amid rising inflationary pressures

The companies the survey monitors reported that external demand for Indian services continued to improve in May, highlighted by a fourth successive rise in new export business

Two-thirds of funds lie unutilised by North-East ministry in FY23: CGA

Of the budgeted amount, Rs 4,093 crore is to be spent on capital expenditure, nearly 15 times the money spent on capital expenditure (Rs 336 crore) in FY23

Manufacturing PMI hits 31-month high in May, helped by demand and output

Last month's data points to 23-month rise in factory orders straight: Survey

Fiscal deficit comes marginally lower than 6.36% of FY23 target: Govt data

Non-debt capital receipts, primarily disinvestment receipts, fell short of the FY23 target by 13.5 per cent

Share of salaried women workers declines to 2-year low in March quarter

Though the share of women in primary sector employment which includes agriculture and allied activities declined in the March quarter, it still remained elevated at 9.3 per cent

India's urban unemployment rate falls to 6.8% in Q4, shows govt data

The jobless rate in urban areas had been on a continuous decline since the peak of 20.8% in the April-June quarter of FY21

Share of women working overtime in factories at 11-year high in 2019

Section 51 of the Act prescribes that no adult worker shall be required or allowed to work in a factory for more than 48 hours in any week

Goldman Sachs raises India's growth forecast this year by 30 bps

"In YoY terms, our Q2-Q4 CY23 GDP growth forecast is 6.5 per cent, 5.9 per cent, and 8.1 per cent, respectively"

Corporate NPS subscriber addition grew 31% in FY23, shows NSO data

Central, state govt segments added fewer new subscribers than a year earlier

Integrating NE with neighbouring nations could raise GDP by 8%: World Bank

Responding to a query regarding India's potential for export and import in the region, the official remarked that currently India only trades one-third of its potential with the South Asia region

Lower temperatures likely to have cooled down IIP in March, April

The fall in electricity output comes on the back of unseasonal and prolonged rain in March and April. The downpour led to a fall in temperatures, thus substantially lowering household demand

Flexi-staffing growth slows for second consecutive quarter on trot

Earlier, in Q3 the industry had registered a growth of 0.8 per cent.