Representative image | Photo Credit: Reuters The GST rate for labour charges (job work) has been increased from 12% to 18% and it is expected to hit hard the Micro, Small, and Medium-scale Enterprises (MSMEs). C. Sivakumar, president of the Coimbatore Tiruppur district Micro and Cottage Entrepreneurs Association, said one of the long-pending demands of […]
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Majority of the Micro, Small and Medium-scale Enterprises (MSMEs ) in the manufacturing and service sectors have seen an improvement in capacity utilisation in the first quarter of 2025-2026 compared with the previous quarter. According to the third edition of the “MSME Outlook Survey” released by the Small Industries Development Bank of India (SIDBI) on […]
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Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was up from 55.1 in September to 55.3 in October. The […]
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The manufacturing segment’s activity was valued at around ₹2,93,044 crore for the previous financial year The manufacturing segment’s activity was valued at around ₹2,93,044 crore for the previous financial year The level of activity in manufacturing, accounting for nearly 20% of the Gross State Domestic Product of Tamil Nadu, has not only gone back to […]
Continue ReadingProducers passed on input costs to clients at fastest pace since Oct. 2013; export orders grew sharpest since April 2011 Producers passed on input costs to clients at fastest pace since Oct. 2013; export orders grew sharpest since April 2011 Indian manufacturers secured new orders in May at virtually the same pace as April despite […]
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