India's PMI rises to 54.7 amid inflation concerns
after close1 source ↓written by the desknot a recommendation
- in March
- 53.9
India's manufacturing sector activity showed modest improvement in April, with the PMI rising to 54.7 from 53.9 in March. However, this marks the second weakest growth in nearly four years, impacted by rising inflation due to the West Asia conflict. Firms reported increased costs for materials like aluminium and fuel, raising concerns for future production costs.
Not investment advice. For informational purposes only.