Whether the government liked it or not, the onus of this round of economic slowdown lies completely with the government which miserably failed to plan the implementation of a massively disruptive reform exercise.
Survey participants widely blamed the withdrawal of high-value rupee notes for the downturn as cash shortage in the economy reportedly resulted in fewer levels of new orders.
The new orders sub index that measures both foreign and domestic demand was knocked down to 53.3 from 57.7 in October
Manufacturing sector activity dropped to a four-month low in April as new orders stagnated during the month following a robust increase in March, a survey showed today, putting pressure on Reserve Bank to keep interest rates low.
Incoming orders expanded at their fastest pace in five months in February, with the sub-index rising to 52.3 from 51.7. Foreign demand also rose, albeit at a slower pace
Market breadth ended marginally higher with 1,377 stocks advancing against 1,312 declines on BSE
egistering one of the fastest growth rates in two years, India's manufacturing and services sectors expanded at a faster pace than China in January, says an HSBC report.
India's manufacturing sector activity witnessed an expansion in November for the first time since July, driven by rising new domestic orders, an HSBC survey said today.
Factory activity in India shrank for a second month in September, albeit not as sharply as in August, on a dearth of new orders which pushed firms to cut staff, a survey showed on Tuesday.