PMI

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ADB retains India’s growth forecast at 7%

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New Delhi: The Asian Development Bank (ADB) on Wednesday maintained India’s GDP growth forecast at 7 per cent for the current financial year, citing that a rebound in agriculture is expected given above-normal monsoon projections. The ADB forecast comes a day after the International Monetary Fund revised upward its GDP growth projections for India to

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PMI services rebound on renewed export orders

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New Delhi:India’s services sector growth quickened in June from May’s five-month low, amid a stronger rise in new orders, record rise in export orders, and an unprecedented expansion in international sales, a monthly survey said on Wednesday.The strong demand also led to service providers hiring more staff with the pace of job creation touching a

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