India’s private sector sees strong growth in April; Composite PMI hits eight-month high at 60.0

India’s private sector witnessed significant growth in April, hitting an eight-month high due to a surge in demand and foreign orders, especially for manufactured goods. The Composite PMI rose to 60.0, indicating the most substantial expansion since August, with manufacturing reaching a one-year peak. The increase in new export orders led to a rise in production and employment in both the manufacturing and service industries.

In Trend

“India’s COVID-19 vaccine distribution plan ready, prioritizing healthcare workers and elderly”

Gold futures at MCX face profit booking, open lower at Rs 95,457/10 grams; silver also declines. Domestic market ends positively.

Leave a Reply

Your email address will not be published. Required fields are marked *