India’s goods and services tax (GST) collections remained robust in August while manufacturing stayed firm at a near eight-month high, indicating strength in the economy as interest rates inched up and inflation remained elevated.

India will be the world’s future talent factory as it will have 20% of the globe’s working population by 2047, said Bob Sternfels, CEO, McKinsey & Co. The Indian economy seems to have weathered the pandemic fairly well, despite hitting a few rough patches in the last two years.

India is exploring ways to settle its sovereign bonds domestically if they are included in global bond indices and traded overseas, a senior government official said.

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Three insights to kick-start your day: featuring GDP growth misses estimates

How to better regulate automated decision making

Stock Radar: Down 20% from highs, this services sector stock is showing signs of rebound; should you buy?

In Case you missed it

Choose your reason below and click on the Report button. This will alert our moderators to take action

Your Reason has been Reported to the admin.

Stories you might be interested in