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India core sector: Core sector growth eases to a six-month low of 7.8% in November

The core sector output in India reached a six-month low of 7.8% in November, compared to 12% in October, due to a delayed festival season and a high base effect. The core sector growth averaged 9.9% in the two months, indicating continued infrastructure momentum in the third quarter. The Index of Eight Core Industries measures the output of key infrastructure industries, including coal, natural gas, petroleum refining, crude, electricity, cement, and steel. ....

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imf: Indian economy to grow 6.3% in FY24 and FY25: IMF

Indian economy is likely to log 6.3% growth in FY24 and FY25 on the back of macroeconomic and financial stability, International Monetary Funds Executive Board said Tuesday. The multilateral body expects investment to rise to 31.9% of GDP by FY25 and savings to rise to 30%. ....

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