MUMBAI: India’s factory activity growth accelerated in February as the threat from a third Covid-19 wave eased, while some softening of price pressures meant demand and business expectations strengthened, a private survey showed. However, the survey was conducted before Russia invaded Ukraine, which led to an immediate spike in oil prices....
India is the world’s third-largest importer of oil so the crisis will add to inflationary pressure and hurt consumer sentiment. The Manufacturing Purchasi
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2022-03-03 00:00:00.0