India’s Manufacturing Sector Records Sluggish Growth in August: Says Survey In this photo taken on May 28, 2018, an Indian engineer (R) looks on as a worker welds a platform of an E-Vehicle at Savy Electric Vehicles manufacturing facility on the outskirts of Ahmedabad. To boost cleaner environment and to counter the rise in fuel prices, demand for electric vehicles like E-Rickshaw, E-Cargo Vehicles, E-Garbage Vans, Campus (Golf) Carts and customised Electric Vehicles (E-nano Ambulance Van) have increased. At Savy Electric Vehicles some 35 to 40 E-Vehicles are manufactured monthly and despatched all over India. Photo Credit: SAM PANTHAKY/AFP/Getty Images.
Radhakrishna N S
India’s manufacturing sector recorded a sluggish growth in August 2018 following soft domestic demand, according to a private business survey released on Monday (03) that analyses the health of the major economies around the globe. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) compiled by IHS Markit was at 51.7 in August from 52.3 in July. The latest data highlighted a modest improvement in manufacturing conditions compared to July. “August survey data indicated that operating conditions improved at the slowest pace since May, mainly reflecting slower gains in output and new orders. On the price front, input cost inflation eased…
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