Manufacturing seems to be on a roll
Fiscal 2023-24 ended on an upbeat note for India’s economy, going by the purchasing managers’ index (PMI) for the manufacturing sector, which hit a 16-year high in March. Alas, actual production data doesn’t show a factory boom that may enlarge this sector’s share of GDP.
Fiscal 2023-24 ended on an upbeat note for India’s economy, going by the purchasing managers’ index (PMI) for the manufacturing sector, which hit a 16-year high in March. Alas, actual production data doesn’t show a factory boom that may enlarge this sector’s share of GDP.