Manufacturing activity still lower than pre-pandemic levels: Experts

An ET analysis found that 12 of the 22 manufacturing firms captured in the index of industrial production were still operating at lower levels than during the pre-pandemic period. “It is becoming progressively clear that notwithstanding some high volatile growth numbers, it is not broad-based. Deficiency in spending is manifest here,” said Madan Sabnavis, chief economist, Bank of Baroda.

from Economy-News-Economic Times https://ift.tt/YxG0mnA
via