India s factory activity scales up to 3-month high, lower job cuts reported
Despite the pick-up in demand, manufacturing sector jobs decreased further in January. Companies that refrained from hiring mentioned the observance of government norms to keep workers to a minimum
PTI | February 1, 2021 | Updated 12:37 IST
India s manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers Index rose from 56.4 in December to 57.7 in January, to signal the strongest improvement in the health of the sector in three months.