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DAILY NEWS ANALYSIS
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05 August, 2020
6 Min Read
GS-Paper-3 Data (PT-Facts)
According to the recent IHS Markit India Manufacturing Purchasing Managers’ Index (PMI), India’s manufacturing sector activity contracted at a faster pace in July 2020 than in June 2020.
Manufacturing PMI:
Reason for Contraction: The demand conditions remained subdued with some businesses still closed amid lockdown extensions due to emergence of new epicentres of Covid-19 pandemic. Export orders have also witnessed a decline.
Effect: The re-acceleration of declines in the manufacturing sector is undermining the trend towards economic stabilisation seen over the past two months. The firms have reduced both staff numbers as well as purchasing activity.
Purchasing Managers' Index
Conclusion
In India the positive impact from unlock is not as strong as the negative impact of the lockdown. Therefore the government needs to contain the spread of the Covid-19 pandemic on a priority to make economic recovery sustainable.
Source: IE
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Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na
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Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co
06 Feb,2024
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