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Robust Export Growth Drives India’s Manufacturing to 14‑Month Peak in June
As per the HSBC India Manufacturing Purchasing Managers' Index (PMI), released by S&P Global, the PMI at 58.4 in June was higher than 57.6 in May. This was a 14-month peak and significantly above the long-term average of 54.1, indicating an overall improvement in manufacturing conditions.
India’s Pharma Exports Surge to $4.9 Billion in April–May, Reports Pharmexcil
Pharmexcil, which operates under the Ministry of Commerce and Industry, is the official organization for promoting export of pharmaceuticals.
HSBC Predicts India’s Q2 Growth at 6.8–7%, Full-Year GDP to Be 6.3%
The report states that since 70% of the major indicators are indicating positive momentum, GDP growth during the April–June quarter (Q2) seems to be on course between 6.8% and 7%, driven by a good showing from the informal sector.
Bank NPAs in India Tumble to 2.3%, Lowest in Years
The report cites sustained enhancing of the asset quality of these banks. As of March 2025, the gross non-performing asset (GNPA) ratio fell to a multi-decade low of 2.3%, with the net NPA (NNPA) ratio declining to mere 0.5%.
US Senate Approves Trump’s Landmark Mega-Bill in Major Legislative Win
The bill passed the Senate by a narrow margin, 51–50, following a tie-breaking vote by Vice President JD Vance. Three Republican senators, Susan Collins, Thom Tillis, and Rand Paul, defied party lines and voted against the bill.
RBI Report Highlights India as Major Engine of Global Economic Growth
With continuous uncertainty in the overall global economy, the RBI reported that the Indian financial system continues to be stable and robust. The report pointed out that persistent volatility in international financial markets—particularly core government bond markets—has been influenced by evolving policy dynamics and increasing geopolitical tensions.
State Bank of India’s Balance Sheet Surpasses GDP of 175 Nations, According to Data
Through the Pradhan Mantri Jan-Dhan Yojana (PMJDY), SBI has helped open 15 crore bank accounts. It also enrolled 14.6 crore people in the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 6.7 crore in the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and 1.73 crore under the Atal Pension Yojana (APY).
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