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Manufacturing activity lost momentum in August, shows PMI

Contrary to hopes of pent-up demand spurring consumption, output growth in the manufacturing sector slowed in August 

September 01, 2021 / 01:31 PM IST
Manufacturing activity lost momentum in August, shows PMI

There are two competing narratives about the short-term outlook for the Indian economy at the moment. One of them says now that the second wave is behind us and the lockdowns have been lifted, it’s full speed ahead, thanks to pent-up demand. The extra savings during the pandemic will now be spent, boosting the economy. Any niggling doubts about a third wave will be taken care of by the vaccination drive. This is the view behind the stock market’s...

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