![Heatwave scorches manufacturing output in May](https://images.assettype.com/fortuneindia%2F2022-05%2Fe91e237d-ac2e-472d-b79d-2a48b55307a6%2FManufacturing_020A5529.jpg?rect=0,0,2700,1350&w=300&q=95)
Heatwave scorches manufacturing output in May
Companies witnessed reduced working hours in May amid an intensive heatwave in India that sent temperatures soaring to record highs.
Companies witnessed reduced working hours in May amid an intensive heatwave in India that sent temperatures soaring to record highs.
The rise in raw material stocks during the month was supported by increased buying levels.
China's share in the global exports market has increased by 1.7% in the last five years
India should give primacy to labour-intensive manufacturing employment to absorb the abundant unskilled labour, says ILO
The next seven fiscals will see the Indian economy cross the $5 trillion mark and close in on $7 trillion at an estimated 6.7% average annual growth, CRISIL says in a report.
Production-linked incentives start making India self-reliant in key sectors.
Raghuram Rajan and Rohit Lamba underline a policy need to focus on ‘high-skilled service’ and ‘service embedded into manufacturing’ as an economic model for India’s growth.
Across the manufacturing landscape, a select few companies are proving to be relentlessly at the front of the pack.
According to S&P Global, a key feature of the latest results was a substantial easing of price pressures.
The latest PMI reading remains above its long-run average of 53.9.