India's factory slump deepens in May, headcount slides - PMI

Demand was subdued despite both input and output prices declining for a second straight month, signaling easing in overall inflation, which would give the central bank room to ease policy further. The RBI has already taken a series of aggressive policy actions, including a cumulative rate cut of 115 basis points, since the lockdown was imposed on March 25.

from Economy-News-Economic Times https://ift.tt/2ZZ7Wbp