Daily Excelsior

BEIJING, May 31: Chinas factory activity was flat in May, according to an official survey released Sunday, raising questions about how much further the countrys economy can shield itself from the fallout of the ongoing Iran war and pressure on demand. The official manufacturing purchasing managers index moderated to 50 from 50.3 in April, according to the National Bureau of Statistics. Measured on a scale between 0 and 100, a PMI reading above 50 indicates expansion, while a reading below [] The

MUMBAI, May 29: Robust macroeconomic fundamentals will support the growth trajectory of the Indian economy in the current fiscal year despite headwinds from elevated energy prices, supply chain disruptions, and global markets, the Reserve Bank of India (RBI) said in its Annual Report on Friday. Healthy balance sheets of the corporate and banking sectors, along with the governments continued thrust on capital expenditure, bode well for Indias strong growth trajectory, it said. Geopolitical risk h

Excelsior Correspondent PALAMPUR, May 28 : Underlining the value of Indias unexplored Himalayan Economy, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences and MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh today said that the Himalayan economy is set to become a major contributor to Indias future growth. The Minister said the next phase of Indias economic expansion will increasingly emerge from sectors and resource