Monthly survey on Monday said:
That the manufacturing sector of India has shown very good and positive signs for straight 3 months.
The sector witnessed a growth of 56.8 in September from 58.9 in October.
This was the only strongest improvement in this sector after a long time.
Before April everything was under control and after April the index had slipped into contraction mode.
There will new orders and everyone id now getting recovered from covid-19 and with the PMI results for October highlighting sharp expansion rates.
Pollyanna De Lima said:
Companies will start getting back and will be in profits after some months.
And also because of relaxed lockdowns in the country there are way better conditions of the market and also new and improved demand.
The production will only be increased when covid will be over and people will go back to normal jobs in the offices.
Confidence in the year-ahead outlook for production improved.
As firms hoped that fewer COVID-19 cases and the reopening of other businesses could boost output growth.
In short everyone is waiting when covid will be over and people get going with their normal lives back again.
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