"manufacturing-sector"

"The survey provides valuable input for monetary policy formulation," the RBI said while announcing the launch of 54th round of the survey.

The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) declined to 48.1 in June from 50.8 in May.

 Companies observe the slowest rises in new work and output in ten months amid intensification of Covid crisis

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.

The ministry informed that under the Atmanirbhar Bharat Abhiyaan, an Emergency Credit Line Guarantee Scheme was introduced, which was available till October 31 or till the Rs 3-lakh-crore is sanctioned.

Accordingly, the scheme is expected to attract foreign players, boost production, increase exports and generate employment in the country

Manufacturers indicated that the ongoing relaxation of COVID-19 restrictions, better market conditions and improved demand helped them to secure new work in October

"The survey (Round 51) is for the reference period July-September 2020 (Q2:2020-21)," the central bank said in a statement.