Manufacturing sector may slowdown in Q1 FY17, finds Ficci
Manufacturing activity, which contributes 75% weightage to the Index of Industrial Production (IIP) growth, declined by 1.2% in March as compared to a growth of 2.0% in the corresponding period of previous fiscal, showed the recent data by the Central Statistics Office (CSO).
Manufacturing PMI dropped to a four-month low in April. Image Source: Reuters