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    Moody’s Cuts India’s Growth Projection For 2022 To 7% On Global Slowdown, Rising Rates

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    New Delhi- Moody's on Friday slashed India's GDP growth projection to 7 per cent for 2022, saying that global slowdown and high domestic interest...
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    Industrial Production Regains Momentum, Grows 3.1% In September

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    New Delhi- India's industrial production expanded by 3.1 per cent in September, boosted by manufacturing, mining and power sectors, according to official data released...
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    Govt Invites Global Business Leaders To Invest In J&K

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    London- Asserting that Jammu and Kashmir offers huge potential in adventure, pilgrimage, spiritual, and health tourism, the Lieutenant Governor led dispensation on Thursday invited...
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    J&K Can Become The Hub Of Agri-Tech Startups & Benefit From Its Immense Biodiversity:...

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    Inaugurates three-day Kashmir Expo Start-up for Livelihood event SRINAGAR- Union Minister of State (Independent Charge) Ministry of Science and Technology Dr. Jitendra Singh Wednesday said...
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    SKUAST-K Launches 66 Skill Courses For Entrepreneurship In Agriculture, Allied Sectors 

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    Srinagar-  Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir Wednesday launched a series of skill training programmes for entrepreneurship development in various emerging vocations...
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    Kashmir Expo Start-Up For Livelihood To Boost Self-Start Culture

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    By Syed Mohammad Burhan | Kashmir Observer Srinagar- The three-day 'Kashmir Expo Start-ups for Livelihood' event which is set to begin on Wednesday is expected...
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    New Delhi, Jan 3 (PTI) India's manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. "India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous month. Growth of both output and new orders softened, but on the other hand, the future output index rose since November," said Pranjul Bhandari, Chief India Economist at HSBC. Despite a loss of growth momentum, the sector still expanded strongly in December. New business gains, favourable market conditions, fairs and expositions collectively induced another sharp increase in manufacturing production during December, according to panellists. The December data showed a 21st consecutive increase in international order receipts at goods producers in India. "Companies noted gains from clients in Asia, Europe, the Middle East and North America. New export sales expanded at a moderate pace that was the joint-slowest in eight months," the survey noted. On the prices front, input costs rose at the second-slowest rate in nearly three-and-a-half years and charge inflation softened to a nine-month low. Among the items reported to have been up in price were chemicals, paper and textiles. Little-changed from November, however, the rate of inflation was negligible by historical standards and was the second-weakest in just under three-and-a-half years, as per the survey. "Rates of increase in input and output prices were broadly unchanged," Bhandari added. HSBC India PMI data showed a general lack of pressure on the capacity of manufacturers at the end of the third fiscal quarter. Subsequently, employment was largely stable in December. When assessing the year-ahead outlook for production, Indian manufacturers were at their most upbeat for three months. Anecdotal evidence highlighted advertising, better customer relations and new enquiries as the main factors boosting business confidence in December, the survey said.

    India’s Manufacturing Sector To Sustain Growth Momentum For Next 6-9 Months: Survey

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    New Delhi- The growth momentum which has been witnessed by India's manufacturing sector for the past few months is likely to stay for the...
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    Commerce Ministry To Release Trade Data Once A Month

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    New Delhi- The commerce ministry has decided to resume the practice of releasing monthly exports and imports data only once in a month with...
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    Samsung India Sells Mobile Phones Worth Rs 14,400 Crore Between Sept-Oct

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    New Delhi- Samsung India sold mobile phones worth Rs 14,400 crore between September-October and recorded 99 per cent growth in the premium category smartphones in the first three...
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    Kashmir Apple Rates Down By 30%, Growers Seek Govt Support To Overcome Losses

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    New Delhi- A bumper apple production in Kashmir this season has failed to cheer up growers as their produce is being sold at nearly 30...
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