Manufacturing PMI dips to 7-month low on renewed COVID-19 lockdowns
The Hindu
Tighter curbs amid the COVID-19 resurgence suggest factories could be in for a tough April: IHS Markit
India’s factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in COVID-19 cases dampened domestic demand and output, a private survey showed, forcing firms to cut headcount again. Last week, the Indian government advised States to try and control the rapid spread of the virus. Tighter restrictions on activity suggest factories could be in for a tough April.
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