Published On: Tue, Oct 27th, 2020

India sees pick up in consumer demand during festival season: FM

NEW DELHI (Reuters) – Finance Minister Nirmala Sitharaman on Tuesday said that demand for consumer goods has picked up during the festival season, which runs from October to March, and could help revive the economy.

A cutout of the Goddess of wealth and prosperity Lakshmi is seen at an entrance of an electronics and appliances shop in Jaipur, India, October 20, 2020.

Referring to the Nikkei Manufacturing Purchasing Manager’s Index, Sitharaman said economic activity had picked up in the country after the easing of pandemic restrictions and helped by various government measures.

She was speaking at the India Energy Forum organised by IHS CERAWeek.

India’s factory activity expanded at its fastest pace in over eight years in September, a survey compiled by His Markit showed.

Disclaimer :- This story has not been edited by The Sen Times staff and is auto-generated from news agency feeds. Source: Reuters

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