Coronavirus scare keeps companies spooked and business optimism low
The growth was driven by a sharp rise in new business orders amid a rebound in demand conditions.
The government on Monday said the Non Performing Assets (NPAs) of Public Sector Banks (PSBs) stood at Rs 7.27 trillion as on September 30, 2019
The IHS Markit India Manufacturing PMI rose from 52.7 in December to 55.3 in January, its highest level in just under eight years
In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years
However, the upturn remaining subdued compared to earlier, growth rates for new orders and production remained modest
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said.
The PMI report said the cooling of manufacturing sector conditions continued in October, with both factory orders and production rising at the weakest rates.
The government will by the end of October submit its report on potential wrongdoing at three Indiabulls Group companies.
The survey noted that business confidence sank to one of the lowest levels seen in over two-and-a-half years
Overall demand only rose marginally in September, hurt by almost no growth in exports, and firms barely increased headcount last month, the survey showed
The manufacturing sector activities improved in July as new work orders and output strengthened from the previous month
This is the 23rd consecutive month that the manufacturing PMI has shown a growth
Armed with strong data, govt upbeat on high growth
The survey found increased optimism about manufacturing activity over the coming year, probably helped as Modi scored a dramatic election victory on a mandate of business-friendly policies
Amid reports of successful advertising efforts, supportive government policies and strengthening demand conditions, inflows of new work at Indian goods producers continued to expand during February
The survey noted that inflationary pressures were negligible in the context of historical data
This is the 16th consecutive month that the manufacturing PMI remained above the 50-point mark
Manufacturers stepped up hiring in October, and job-creation during the month was the strongest since last December