Signs of improvement in the economy, despite the rise in inflation, the pace of growth in the manufacturing sector was fast in April

The manufacturing index stood at 54.7 in April.

IHS Markit, the agency that prepared this report, said that a slight improvement has been registered in India’s manufacturing activity in the month of April. According to the report, there has been a jump in production while factory orders have also seen a boom.

The economy is currently passing through a period of lethargy. The growth rate is decreasing continuously and inflation is increasing. Meanwhile today for April Manufacturing PMI Index ,Manufacturing PMI Index) has been released and has minor improvements. It was 54.7 in the month of April which was 54.0 in March. If this index comes above 50 then it indicates expansion. If it falls below 50 it indicates contraction. IHS Markit, the agency that prepared this report, said that a slight improvement has been registered in India’s manufacturing activity in the month of April. According to the report, there has been a jump in production while factory orders have also seen a boom.

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