India’s manufacturing sector activity strengthens in December: PMI
Employment, on the other hand, decreased again in December, thereby stretching the current sequence of job shedding to nine months.
Employment, on the other hand, decreased again in December, thereby stretching the current sequence of job shedding to nine months.
On the exports front, official data has shown that the nation’s shipments contracted by a record 60.28 per cent to $10.36 billion in April amid the lockdown. It has led to large-scale disruptions in the supply chains and demand structure leading to cancellation of orders.
Business activity was reduced in response to weaker demand and firms responded by reducing their workforce as intakes of new business were insufficient to maintain payroll numbers.
