4 May 2020

India's Manufacturing Sector Suffers To Record Low In April 2020

India's manufacturing companies have hit a record low in the manufacture of the products amid lockdown.

National lockdown which has has hit India since April last month has brought a low in the manufacturing units of companies.

New business orders have been cancelled and the companies were left with no choice but to reduce the employees.

According to a survey done the purchasing managers index show the downfall as it fell 27.4% in April from 57.8% in March.

This has reflected deterioration in in the business and the manufacture of finished products by various companies as in the lockdown all the companies manufacturing units were closed.  

And now the workers of various companies are facing a tough decision and tough problem of being jobless.

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