BENGALURU: India manufacturing sector It ended roughly 2020 on a stronger note as manufacturers increased production to meet growing demand, a private survey showed on Monday, although the employment situation worsened as companies continued to downsize. Manufacturing has been one of the main drivers of recovery in Asia’s third-largest economy …
Read More »India’s manufacturing activity in September grew at the fastest rate in more than eight years
India’s manufacturing activity expanded at its fastest pace in more than eight years in September, as a relaxation in coronavirus lockdown restrictions fueled a surge in demand and production, a private survey showed Thursday, though layoffs continued. Signs of recovery are good news for Asia’s third-largest economy, which is expected …
Read More »Factory production contracts for the fifth consecutive month
India’s industrial production, as measured by the Industrial Production Index (IIP), contracted 10.4% annually in July, according to data released by the ministry of statistics and program implementation. This is the fifth consecutive month of contraction in PII. While the contraction is in line with a Reuters forecast, it is …
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