The latest reading pointed to the first contraction in the manufacturing sector since July last year, as a harsh resurgence of COVID-19.
Consumer goods provided the main impetus to overall growth
We need to look at the transition which is happening at almost every level of the socio-economic-political structure not just in India but also globally.
The rate of expansion was below its long-run average but improved from June.
The IHS Markit India Manufacturing PMIĀ® in June was down from May but still signalling an improvement in operating conditions across the sector.
Jan 2019 PMI indicates a stronger improvement in the health of the goods producing sector.
Production levels increased during January, thereby extending the current period of expansion to six months, says the latest PMI
Second consecutive month in which the health of the sector improved after the demonetisation-related contraction