BENGALURU - India’s factory slump deepened in July as renewed lockdown measures to contain surging coronavirus cases weighed on demand and output, raising the chances of a sharper economic contraction, a private business survey showed on Monday.
Reinforcing that grim outlook, the Nikkei Manufacturing Purchasing Managers’ Index INPMI=ECI, compiled by IHS Markit, fell to 46.0 last month from 47.2 in June, below the 50-level separating growth from expansion for a fourth straight month and marking its longest spell of contraction since March 2009.
A further decline in new orders and output signaled weakness in overall demand despite factories again cutting their prices, leading firms to reduce their workforces for a fourth month in a row.
get yourself a toilet,stop raping women,stop messing around with every nations on your border. and India will be fine
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