Like GDP, Interest rates and inflation, stock market in itself is a separate indicator with regards measuring progress of any country's economy.
According to the monthly PMI survey, due to gradual demand rise and strong inflows of new work, the sector has witnessed a fast-paced growth.
With signs of growth returning to the economy and a lot of revenue flowing into the coffers, the government must ensure jobs flow into idle hands.
In August, the seasonally adjusted IHS Markit India Manufacturing PMI stood at 52.3, down from 55.3 in July.
GDP Q1FY22: With growth returning on expected lines, the government should now focus of employment generation.
Moody's had in June projected a 9.3% growth for the current fiscal ending March 2022.
The RBI has lowered the country's projection for the current financial year to 9.5% from 10.5% in an earlier estimate
The Federal Reserve will start dialling back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.
The agency mentioned in the report that it expects the aggregate fiscal deficit of Indian states to moderate to 4.1% of the gross domestic product.
The report which is based on the 'nowcasting' model, stated that the forecasted GDP growth for Q1 FY22 would be around 18.5%.