Tag: Economy
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FED Rate Cut: A Global Catalyst
The recent decision by the Federal Reserve to reduce interest rates by 50 basis points (bps) is a significant move aimed at stimulating economic growth by lowering borrowing costs. However, this decision has far-reaching implications beyond the U.S., affecting global…
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India’s Manufacturing Sector Maintains Strong Growth in July
India’s manufacturing sector showcased robust growth in July, as indicated by the HSBC India Manufacturing Purchasing Managers Index (PMI). The PMI is a critical indicator of the economic health of the manufacturing sector. It is derived from monthly surveys of…
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Direct Tax Collections Surge in FY25: A Positive Trend for India’s Economy
In the fiscal year 2024-25 (FY25), India witnessed a remarkable surge in net direct tax collections, reflecting the country’s economic resilience and recovery. According to official data, the net direct tax collection increased by an impressive 19.54%, reaching ₹5.74 lakh…