Fresh lockdowns limited India's factory activity growth to its weakest pace in seven months

09:50:00 PM, Monday 5th of April 2021 | in business

While factory and industry activities were picking up pace after the pandemic's peak, giving hopes of a healthy economic recovery, fresh lockdowns imposed in view of the surge in Covid cases have once against started to impact the industrial growth. According to the Nikkei Manufacturing Purchasing Managers' Index by IHS, the country's factory activity growth declined to a seven-month low of 55.4 last month from February's 57.5.