Moneycontrol analyses some indicators that have shown substantial improvement since the lockdown months, with some even exceeding 2019 levels.
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) increased from 52.0 in August to 56.8 in September -- highest since January 2012.
Total confirmed COVID-19 cases in India have risen to 5,992,532
Eliot Kerr, Economist at IHS Markit, said: "The survey results showed a re-acceleration of declines in the key indices of output and new orders, undermining the trend towards stabilisation seen over the past two months. Anecdotal evidence indicated that firms were struggling to obtain work, with some of their clients remaining in lockdown, suggesting that we won't see a pick-up in activity until infection rates are quelled and restrictions can be further removed.”
The IT minister added that companies will be eligible for incentives from August 1.
Cut the regulatory cholesterol of complex laws and cumbersome paperwork — this will help small businesses focus their resources and energies towards efficiency and higher productivity
The need of the hour is clarity in policy communication by making it simple for the MSMEs, without leaving any room for subjectivity.
China is staring at a multi-front crisis emanating from a global anti-Beijing regrouping, a resurgent India and its own unstable domestic affairs with a slowing economy and soaring unemployment
Companies need to develop a list of time-bound and well-defined activities that need to be carried out while re-starting factory operations.
With huge reverse migration, the support structures and relevant programmes may be specifically designed so that the rural landscape generates hundreds of micro and small enterprises
The only way forward is to shred the red tape that is binding our entrepreneurs and labour down. This is the bus that Indian manufacturers missed in 1991
The government is focused on solar energy generation, however, for energy security it must have a strong domestic manufacturing sector that will make it self-reliant
Business sentiment in the services sector was the worst since the survey began in 2005.
Around 59 per cent of company's passenger vehicle showrooms, covering 69 per cent of the retail market, have commenced operations, it added.
That China’s loss can translate into India’s gain is a thinking rooted more in wishful thinking and nationalist myopia than on the ground realities
Manufacturing continued to shrink in May, testimony to the severity of the lockdown.
A monthly purchasing managers' index issued Sunday slipped to 50.6, down from 50.8 in April. A reading above 50 means that manufacturing is growing.
In an interview with Fox Business News, Trump said that taxation was an incentive for the companies to return manufacturing bases to the US.
With remittances tapering and the tourism sector down, Kerala must focus on a scientific and profitable agriculture sector
It is sufficient to meet the country's requirement in dealing with the novel coronavirus pandemic in the near future
Cuomo did not give a timeline, but the state’s stay-at-home order is due to expire on May 15. The governor has previously said that the areas with fewer infections and enough spare hospital beds could consider reopening after that date.
TCS WaferWise automatically detects defects, improves product quality, drives up throughput, and enhances business growth, the company said in a statement.
Commerce and Industry Minister Piyush Gooyal has recently stated that in the post-COVID era, there is going to a be perceptible change in the global supply-chains
Wind turbine maker Inox Wind Ltd on Monday said it has resumed operations at all three manufacturing plants. These plants are located at Barwani (Madhya Pradesh), Ahmedabad (Gujarat) and Una (Himachal Pradesh).
Companies in auto, steel and capital goods sectors had either stopped production, or curtailed it, after the COVID-19 outbreak