Tag: Manufacturing growth

Manufacturing GVA growth in Q2 ‘surprising’: SBI Report

NEW DELHI: The manufacturing sector played a major role in narrowing down the India’s GDP contraction in Q2 of FY21. An SBI Ecowrap report, however, dubbed the growth in manufacturing GVA as “astonishing” as the IIP manufacturing for the same period declined by 6.7 per cent. India’s GDP in the July-September period contracted 7.5 per […]

Manufacturing growth down at 15-month low in August on demand slowdown: PMI

NEW DELHI: The country’s manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment, a monthly survey said on Monday. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI), fell to 51.4 in August, its lowest mark since May 2018, from 52.5 in July, as most […]

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