2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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17.4
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27.4
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67.4
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57.4
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Detailed explanation-1: -India’s Manufacturing PMI expands to 54.7 in April 2022 The Indian manufacturing industry enjoyed a strong start to fiscal year 2022/23, posting marked and accelerated expansions in new orders and production. International sales grew solidly, following a contraction in March.
Detailed explanation-2: -The IHS Markit India Manufacturing Purchasing Managers’ Index measures the performance of India’s manufacturing sector. The index is derived after a survey of 500 manufacturing companies. PMI is a good indicator of the economic activity in any country.
Detailed explanation-3: -Services PMI in India averaged 51.04 points from 2012 until 2023, reaching an all time high of 59.20 points in June of 2022 and a record low of 5.40 points in April of 2020.
Detailed explanation-4: -Rising from 54.0 in March to 54.7 in April, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index® (PMI®) highlighted a solid and faster improvement in operating conditions across the sector.