The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July but was stuck in contraction due to subdued demand conditions amid Covid crisis.
It’s time to acknowledge that India is not going to replicate the export orientation of the East Asian manufacturing story, or even that of Bangladesh.
The main services index rose to 12.6 in May after April's 5.4, data published by IHS Markit showed. The services sector accounts for more than half of India’s economy.
A survey done by Care Ratings Ltd. showed that banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace.
This would make the rupee stronger, further putting the manufacturing sector at a disadvantage. And that would mean lack of domestic jobs for millions of youth.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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