Indian Economy News

July 02, 2024

Higher demand pushes hiring up as manufacturing PMI touches 58.3 in June

In June, Indian manufacturing surged with PMI at 58.3, driven by robust demand, higher prices, and record employment growth, despite cost pressures.

India and Australia look at increasing cooperation in critical minerals, processing

India and Australia are boosting cooperation in critical minerals, processing, and battery production, aiming for a comprehensive free trade agreement, says Commerce Secretary Mr. Sunil Barthwal.

India catching up with China, Vietnam on phone exports

India outpaced China and Vietnam in mobile phone exports in FY24, recording a 40.5% surge amid declines in both countries.

Corporates to further expand flexible office space portfolio by 2026: CBRE

Indian corporations are embracing flexibility with a notable shift towards flexible workspaces, set to surpass 10% of office portfolios by 2026.

India's power consumption rises nearly 9% to 152.38 billion units in June

India's power consumption rose nearly 9% in June 2024 to 152.38 BU, driven by excessive use of cooling appliances amid scorching heat.

Co-working spaces up investments in ESG for rise in demand, higher rentals

Indian co-working leaders Urban Vault, Incuspaze, The Executive Centre, and Awfis are boosting ESG investments amid rising demand for sustainable office solutions.

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