At 27.4, India's manufacturing activity falls to record low in April: PMI

India's manufacturing activity contracted at its sharpest pace on record in April as a lockdown to combat the rapid spread of the coronavirus led to a slump in demand and massive supply chain disruptions, a private sector survey showed on Monday.

Asia's third-largest economy is taking a huge hit from the ongoing nationwide lockdown, which started on March 25, and its gross domestic product is expected to shrink for the first time since the mid-1990s this quarter, a Reuters poll showed last month. That was despite the government.....

This article is no longer available in our repository.

There could be multiple reasons for this.