Purchasing Managers’ Index (PMI)
Celebrations over economic revival in India premature
December 2, 2020
“Q2 GDP at -7.5 pc buttresses recovery as captured by several high frequency indicators,” tweeted India’s finance ministry on November 27 while releasing data about the state of the economy in second quarter of the fiscal year 2020-21. Since then, numerous ministers and pol...
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Is revival of Indian economy sustainable?
November 6, 2020
In October, India’s services sector grew for the first time since February reflecting the reopening of hotels, restaurants and shopping malls around the country. Accordingly, the Purchasing Managers’ Index (PMI) for services rose sharply to 54.1 pc for October as against 49.8...
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