India’s Informal Manufacturing Sector Shrinks Despite GDP Growth Surge: MoSPI Data Sparks Concern
Days after India’s GDP growth surprised analysts with a robust 7.8% expansion in the April–June quarter of FY2025–26, fresh government data has raised red flags about the health of the informal manufacturing sector. According to the Ministry of Statistics and Programme Implementation’s (MoSPI) first-ever Quarterly Bulletin of Unincorporated Sector Enterprises, employment and enterprise numbers in…