Consumer Demand Picking Up During Festival Season: Nirmala Sitharaman

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

Consumer Demand Picking Up During Festival Season: Nirmala Sitharaman

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.

Referring to the Nikkei Manufacturing Purchasing Manager's Index, Ms 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.

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