New Delhi, April 14 -- Rising input costs triggered by the ongoing West Asia conflict are placing significant pressure on India's manufacturing sector, particularly micro, small and medium enterprises (MSMEs), with industry bodies warning of shrinking margins and potential shutdowns.

Industrial Clusters Witness Sharp Price Rise

Industrial clusters such as Ludhiana have reported sharp increases in the prices of key raw materials, including steel, plastics, rubber and chemicals, driven by supply chain disruptions and volatility in global commodity markets, reported The Times Of India.

President of Federation of Indian Export Organisations, SC Ralhan, said steel prices have risen by nearly Rs 3,000 per tonne over the past year, eroding pr...