The full-year GDP growth forecast is 1.1% lower than SBI’s earlier projection of 6.1%, and one of the lowest predicted by any institution so far.
Bulk drugs are raw materials for the manufacture of drugs, and Indian drug makers import around 70% of their total requirement from China.
Tata Group has said it’s open to finding partners for JLR to save on costs and share the burden of investing in electric vehicles.
Index of Industrial Production contracted by 4.3% in September, with most sectors witnessing a decline. Economists don’t predict a rosy future either.
Factory output, which is measured in terms of Index of Industrial Production, had expanded 4.6% in September 2018.
The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.
Indians are increasingly pawning their family jewellery to get cash amid a fundraising crunch at NBFCs.
Investors value ability of Asian Paints to churn out record profits when other consumer-oriented companies have warned of the impact from slowdown.