The last five-six months have been tough for the textile units in the region, especially those in the Micro, Small and Medium-scale Enterprises, while the engineering industries are seeing signs of revival. MSME textile mills reduced production 50 % since Monday as there is no demand for yarn and prices are under pressure, said the mill owners. But, I think …
The IHS Markit India Manufacturing Purchasing Managers’ Index slipped to a seven-month low of 55.4 in March, from 57.5 the previous month, indicating a break in the growth momentum, owing to factors such as decline in factory output, drop in employment due to Covid restrictions and lack of demand. Pollyanna De Lima, economics associate director at IHS Markit, said in …
