India Services PMI Rises To Six-Month High Of 59.8 In May On Strong Demand

New Delhi, Jun 3 (KNN) India’s services sector recorded its strongest growth in six months during May, supported by robust domestic demand, improving export orders and rising business activity across segments such as freight, digital services, e-commerce, entertainment and information technology, according to the latest HSBC India Services PMI surveyContinue Reading

Middle Class To Drive 93% Of India’s Spending; 500 Cities To Emerge As Economic Hubs: FM Sitharaman

New Delhi, Jul 4 (KNN) Finance Minister Nirmala Sitharaman on Friday described India’s middle class as the primary driver of economic growth, stating that nearly 500 cities are poised to emerge as new centres of economic activity. Speaking at the Rencontres Economiques d’Aix-en-Provence, Sitharaman noted that the middle class currentlyContinue Reading