PMI index April: A PMI of more than 50 points means an increase in business activity, while a score below 50 indicates a contraction.
Manufacturing PMI index stood at 55.5 in April.
According to a monthly survey, manufacturing activity in India remained largely flat in April and new orders and production grew at the slowest pace in the last eight months amid the rising outbreaks of the COVID-19 epidemic. The IHS Market India Manufacturing Purchasing Managers’ Index (PMI Index) stood at 55.5 in April, slightly higher than the 55.4 in March.
A PMI of more than 50 points means an increase in business activity, while a score below 50 indicates a contraction. “The PMI results in April amid the COVID-19 crisis reflect a decline in new orders and growth in production,” said Paulina de Lima, assistant director of economics at IHS Market. He said the outbreak of the COVID-19 transition increased This could lead to a further decline in demand, while companies are already facing the hurdle of increasing prices globally.
Exports jumped threefold
Here in the month of April, India’s exports have registered nearly 3 times increase. India’s total exports stood at $ 30.21 billion in the month of April. Due to the lockdown in April 2020, India’s exports stood at only $ 10.17 billion. This information has been shared by the Commerce Ministry.
Imports also increased in April
There has also been a jump in imports in the month of April. India’s total imports in this month stood at $ 45.45 billion. India’s total imports in April 2020 stood at $ 17.09 billion. In this way, India has been a net importer in the month of April. India’s trade deficit stood at $ 15.24 billion in that month. Trade deficit has increased by 120.34 percent as compared to April 2020. India trade deficit stood at $ 6.92 billion in April 2020.
India’s exports to $ 34.45 billion in March
The lockdown in India was announced on 25 March 2020 due to Corona, due to which the exports fell by more than 60 percent. In March this year (March 2021), India’s exports have registered a growth of 60.29 percent. India’s total exports stood at $ 34.45 billion in March 2021.
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