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News: Purchasing managers index for India was  55.5 in April while in march it was 55.4. 

Findings of the index:

  • Manufacturing activity in the month of April was almost flat. 

  • However, the input cost rose pushing the prices of the commodity.

  • April witnessed the steepest increase in input costs in the last seven years which inturn is responsible for sharpest upturn in output charges since October 2013. 

  • Intensification of the COVID-19 crises has led to the slowest rate of increase in output and sales.

  • Exports from India increased for the eighth consecutive month in April and at the fastest rate since October 2020, due to an increase in International  demand for Indian goods.


  • US-based Institute of Supply Management started releasing PMI in 1948.

  • PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity in the manufacturing as well as services sector.

  • It is a survey-based, perception based index. It asks the respondents about changes in their perception of some key business variables from the month before. 

  • Firstly, separate indices for manufacturing and services sectors are calculated and then a composite index is constructed. 

  • IHS Markit India released the Purchasing managers index.

  • It is a seasonally adjusted index.

  • If the outcome points are above 50, it means expansion in business activity and less than 50 denotes contraction.

  • An economy is believed to be expanding if the PMI for a month is higher than a previous month’s index. 

  • It is released at the beginning of every month for the previous month.

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