The Indian economic scene witnessed unprecedented growth in the manufacturing sector until the COVID-19 global pandemic temporarily halted the growth. From eight-year record high of 55.3 Manufacturing PMI (Purchasing Manager’s Index) in January 2020(1), the growth nosedived to a record low of 27.4 in April 2020(2) owing to widespread business closures. The resurgent pandemic has laid bare uncertainties in all aspects of business - production, demand, logistics, and manpower availability.
