Business conditions in India stagnated in October as manufacturing PMI drops, Nikkei says
“On the bright side, the labour market continued to improve, with manufacturers further increasing their staffing levels, and at a pace similar to September’s 59-month high. Business confidence eased to the weakest since February as some firms expressed concerns over negative GST effects. However, those manufacturers that were optimistic forecasted benefits of GST materialising over the next 12 months," Dodhia said.
Business conditions in India stagnated in October, Nikkei says. Pic: Reuters