The survey added that firms reduced their staff numbers at the quickest rate on record

Jobs in India cut at fastest rate ever, factory output 2nd lowest in May: PMI

India's manufacturing activity contracted in May at the second-lowest level on record, even as the lockdown restrictions were eased. The IHS Markit India Manufacturing Purchasing Managers' Index (PMI) stood at 30.8 in May, after marginally increasing from the record low of 27.4 in April.cThe survey added that firms reduced their staff numbers at the quickest rate on record.

Mon, 01 Jun 2020 - 08:37 PM / by Harsh V Singh

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