 "Output expectations for the coming 12 months slumped to their most negative since records began in December 2005 amid forecasts of prolonged economic weakness domestically and overseas")
June manufacturing activity shrinks for third month in a row; PMI at 47.2
India’s manufacturing activity again contracted in June as regional lockdown extensions severely held back demand and labour logistic challenges remained, said the monthly IHS Markit India Manufacturing Purchasing Managers’s Index (PMI) survey on Wednesday. Read more here
At Rs 90,917 cr, GST collections fall for third consecutive month in June
The goods and services tax (GST) collections stood at Rs 90,917 crore in June, contracting for the third month in a row year-on-year. However, the rate of decline has come down considerably to just
