So far in the current fiscal, the government has mopped up Rs 31,107 crore from stake sales in CPSEs. It was planning to sell its 29.54 per cent in HZL to meet the revised target
The November PMI data pointed to an improvement in overall operating conditions for the 17th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 indicates contraction
This is despite an uneven economic recovery in India and macroeconomic challenges
The government has threatened to take legal action to stop the sale of the Africa-based assets to HZL, in which it holds a 29.54 per cent stake
The PMI at 55.1 in September continued to be in expansion mode for the 15th consecutive month but was slightly lower than 56.2 recorded in August
Given the implications of larger global and domestic issues on India’s GDP, several ratings agencies have revised India’s growth outlook
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion since mid-2022
