India's Manufacturing Purchasing Managers' Index (PMI) rose from 48.1 in June to 55.3 in July, pointing to the strongest rate of growth in three months.
Defence Secretary Ajay Kumar said that the step is a big boost to startups in defence. He stated that the approval will give a big boost to become self reliant in the defence manufacturing sector.
New Delhi: A decline in the manufacturing sector, especially that of capital goods, sharply decelerated India’s industrial output growth rate to 0.5 per cent in November, its lowest rise since June 2017. The country’s industrial production had recorded a rise of 8.4 per cent in October and 8.5 per cent during the corresponding period of […]