The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) stood at 30.8 in May, up from 27.4 in April, pointing to another substantial decline in the health of the country's manufacturing sector, albeit one that was slightly softer than recorded in April. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) stood at 30.8 in May, up from 27.4 in April, pointing to another substantial decline in the health of the country's manufacturing sector, albeit one that was slightly softer than recorded in April. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "The latest PMI data suggested that Indian manufacturing output fell further in May. In 2019-20, the Indian economy grew by 4.2 per cent, the slowest in 11 years.

Source: The Telegraph June 01, 2020 05:48 UTC