ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

GST touches off India's deepest factory slowdown since 2009

Experts say it's probably just a 'blip'

 (placeholder image)
A protest against the new GST in New Delhi on July 18   © Reuters

NEW DELHI -- Indian manufacturing activity slowed sharply in July, as the introduction of a much-heralded goods and services tax threw companies and consumers off balance.

The Nikkei India Manufacturing Purchasing Managers' Index, which came out on Tuesday, dropped to 47.9, touching the lowest level since the days of the global financial crisis in February 2009. The reading for June had been 50.9.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more