Data released by the data analytics firm IHS Markit showed purchasing managers’ index (PMI) for manufacturing declined slightly in July to 46 from 47.2 in June. A figure of above 50 indicates expansion, while a sub-50 print signals contraction. Indian Oil Corporation…
read moreOn June 24, the IMF predicted a “record” sharp 4.5% contraction in the Indian economy in 2020, citing the unprecedented coronavirus pandemic that almost stopped all economic activity, but said it the country was expected to recover in 2021 with a robust…
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