The former RBI governor, who participated in the 'Bharat Jodo Yatra' of Rahul Gandhi, has repeatedly made doomsday predictions about India's economic growth (only to fail each time).
India has made a significant achievement as the iPhone 16 series, including the Pro and Pro Max models, will be made in India. Foxconn has already commenced the production of the iPhone 16 series in India, and the devices will be exported to multiple cities worldwide.
Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July.
Two days back, The IHS Markit had released its India Manufacturing Purchasing Manager’s Index, which showed an increase in manufacturing activity in the country. The index had risen to 55.3 in January from 52.7 in December.
Analysts claim that If this growth rate in the manufacturing activity sustains, the improvement in business conditions could lead to a gradual economic recovery