Index of industrial production for May: The impact of easing covid-19-related restrictions was visible in the latest IIP reading of May.
The pace of contraction of IIP slowed to 34.7% year-on-year from 55.5% in April. However, compared to most peers, India’s IIP has taken a severe beating.Employment: Latest tri-annual survey by London-based IHSMarkit showed that Indian companies look set to respond to falling business activity by scaling back workforce numbers.
The employment net balance turned negative for the first time in the survey’s history in June, falling to -23% from +14% in February.