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Demonetisation shaves two points off India’s purchase manufacturing index

Demonetisation shaves two points off India’s purchase manufacturing index

Thu, Dec 01, 2016

PM Modi’s demonetisation of higher currency move has shaved two points off India’s Purchasing Manufacturing Index (PMI) in November. Nikkei India’s report on PMI, on Thursday showed that the index was lower in November to 52.3 from 54.4 in October last year.

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