Output slides in July as GST comes in force; fastest drop since global financial crisis
At 47.9 in July, down from 50.9 in June, the Nikkei India Manufacturing Purchasing Managers’ Index® (PMI® ) was at its lowest mark since February 2009 and highlighted the first deterioration in business conditions in 2017 so far, IHS Markit said in a statement on Tuesday.
Finance Minister Arun Jaitley. Representational image. Pic: PTI