India’s manufacturing PMI continues to climb as they head to a strong end-of-year performance. The medical, EV, and appliance industries all have staggering growth projections for upcoming years. With the IMTEX show less than two months away, ...
This week’s news from India is, quite frankly, great. The GDP growth for the year will approach double digits, and the manufacturing PMI remains in the mid-50s. The investments in defense manufacturing are staggering and wide open for FDI. ...
There is lots of good news to report from India, not the least of which are the economic stats. The manufacturing PMI remains healthy at 52.3, and the GDP is still projected to grow by 9% in 2021. In a recent C&W report, India ranked No. 2 in the world ...
India’s industry is humming along at a pre-pandemic pace, if not better. The PMI is above 55. Vehicle sales are up 34% YOY, with commercial vehicles up 165%. The new Vehicle Scrappage Policy was launched, which will attract billions of dollars in new ...
Due to the pandemic’s second wave in India, June’s manufacturing Purchasing Managers’ Index (PMI) contracted, dipping below 50 for the first time in 11 months. However, the worst is over, and the business resumption index jumped from 92% to 96% last week.
Since the second week of May, the effects of India’s COVID-19 resurgence that has held the world’s attention have subsided. The lockdowns are easing, and local businesses are opening again.
The ADB still predicts India’s GDP will rebound strongly at 11% in FY 2021 due to continued economic recovery stimulated by increased public investment, the vaccine rollout, and the surge in domestic demand.
Despite grappling with the pandemic’s second wave, India’s manufacturing purchasing managers’ index (PMI) remained quite strong at 55.5 in April. India continues to claw its way forward, maintaining the forecast for recovery and economic opportunity...
India’s manufacturing PMI for March was 55.4. IMTEX 2021 has been pushed back. There is, however, positive news for electric vehicles. For more details and other industry tidbits, read on.
