The rise in India’s manufacturing PMI in January is an early sign that the worst of the impact on activity from demonetisation may be over. Looking ahead, local manufacturers should gradually recover from demonetisation over the coming months, but the sector still faces bigger structural constraints.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services