Happy news..! Don't fear recession..!?

India's industrial production has been growing at a rapid pace for the past few months as the economy has seen sluggish growth amid a slowdown in international markets. However, compared to international countries, it can be said that india is okay. While inflation is also coming down from its peak, the demand here is decreasing. The manufacturing index (PMI) in india rose to 55.7 last November, according to S&P Global. It was 55.3 last October. India's manufacturing sector continues to grow for the 17th consecutive month. India's manufacturing sector continues to grow at 55%.
With inflation continuing to peak earlier, demand has moderated. However, demand has started to pick up again in recent months. Due to this again new orders are increasing. Due to this, production is also increasing. It creates job opportunities for companies. This, the paper says, leads to earlier attempts at restructuring activities. India's consumer prices fell by 7% in october for the third straight month. It is expected to decrease further.Union Finance minister Nirmala Sitharaman has said that India's growth will be strong in the coming year. He said that he expects inflation to decrease amid strong growth next year. india, Asia's third-largest economy, is expected to continue growing in the coming year despite facing various headwinds.Inflation has eased amid external factors, growing at 6.3% in the middle of the second quarter amid the Corona lockdown. Meanwhile, India's growth hit a three-month high in November. New orders and exports have expanded significantly in recent months.

మరింత సమాచారం తెలుసుకోండి:

no recession

Sowmiya Sriram

01/12/2022 09:20 PM