Wednesday, May 25, 2022
HomeBusinessSharp growth in India's manufacturing sector amid high inflation in April: PMI

Sharp growth in India’s manufacturing sector amid high inflation in April: PMI

New Delhi, May 2 (PTI) There was a sharp increase in the activities of India’s manufacturing sector in April. A monthly survey said on Monday that this was due to an increase in production orders, increased orders from factories and a spurt in international sales.

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April, from 54.0 in March.

Demand has increased after the restrictions imposed due to the Kovid-19 epidemic are over.

According to PMI data, overall operating conditions improved for the 10th consecutive month in April. In PMI parlance, a score above 50 means that activity is expanding, while a score below 50 indicates contraction.

Poliana De Lima, joint director of economics at S&P Global, said the Indian manufacturing PMI remained positive in April and is regaining the ground it lost in March.

He further said that price pressures could dampen demand, as companies will continue to share the additional cost burden with their customers.

The survey said that there has been a marginal increase in employment during April.

,

Html code here! Replace this with any non empty raw html code and that's it.
AUTO
MOBILE
TECH NEWS

Entertainment

Most Popular