No respite for manufacturers as inflation continues to weigh on the economy

As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term

There is no respite for Indian manufacturers anytime soon as slow demand and high inflation continue to weigh on the nation's economy, a report said. 

 

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 53.9 in June