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India's April industrial output jumps to 134.4% due to low-base effect

The sharp recovery in industrial output is primarily due to the low base effect, which is a result of the nationwide lockdown that hit economic activity last year. It may be noted that the factory output, measured by the Index of Industrial Production (IIP), rose 22.4 per cent in March 2020. ....

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India's factory activity growth slipped in May as demand fell: PMI

India s manufacturing sector activity slips in May, heads towards stagnation: PMI
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Last Updated: Jun 01, 2021, 11:30 AM IST
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Synopsis
The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, fell to 50.8 in May from 55.5 in April, its lowest since July 2020. That was only just above the 50-mark separating growth from contraction.
Reuters
With activity weak, firms reduced headcount for the 14th consecutive month and IHS Markit said close to 5% of companies shed jobs.
India s manufacturing sector activity witnessed a significant loss of growth momentum in May due to the intensification of the COVID-19 crisis and its detrimental impact on demand, a monthly survey said on Tuesday. ....

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