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Get people out of agri and create jobs in manufacturing, services: Ashish Dhawan

Dhawan said the India s 80% population can be transformed by creating more jobs. This will need them to get out of agriculture and into manufacturing. ....

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Manufacturing PMI falls to 7-month low in March as Covid cases rise

Growth in manufacturing slowed to the lowest rate in seven months, as increasing Covid-19 cases hit demand, said IHS Markit’s purchasing managers index (PMI) on Monday.
PMI fell from 57.5 in February to a seven-month low of 55.4 in March. In PMI lexicon, a reading above 50 means growth and the one below 50 shows contraction. The data came on a day the Reserve Bank of India s monetary policy committee sits for deciding the policy rate. The decision will be made on Wednesday.
Survey participants indicated that demand growth was constrained by the escalation of the COVID-19 pandemic, while the rise in input buying was curtailed by an intensification of cost pressures, said Pollyanna De Lima, economics associate director at IHS Markit. ....

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