Manufacturing Units in Festive Season : The festive season has been going on in the country for a few months, in which the manufacturing units have increased with good demand. Let us tell you that consumer demand has also increased during the festive season. There has been an increase in the consumption of all kinds of goods in both rural and urban places. The festive season is going to start from the month of September which will last till the end of this year.
strengthen the manufacturing
The Reserve Bank of India (RBI) said in a survey that there has been an increase in the production of manufacturing units in the second quarter (July-September) of the current financial year. It is known that for the last 3 months, capital goods has been running continuously at double digits.
relief to consumers
According to sources, the effect of reduction in cost has been on the prices of the commodities, this time the prices have not increased. The government is continuously investing in the economy. 1.75 lakh crore is expected to be spent in the first quarter as capital expenditure.
India becomes self-reliant
Self-reliant and PIL scheme is performing brilliantly to make India a factory of the world. Wistron Cop, a Taiwanese company that assembles iPhones in India, is now making laptops, mobiles, IT products.
Increase in PMI
After the Corona period, tourism is back on track as before. The Purchasing Manager Index (PMI) has seen a steady increase for the last 2 months.
crude oil prices fell
Let us tell you that the price of crude oil is continuously decreasing globally. According to industrial manufacturers, if they manufacture at their full capacity in the festive season, then the cost can be reduced.
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