India’s Purchasing Managers’ Index (PMI) for

Solution

India’s Purchasing Managers’ Index (PMI) for manufacturing recovered slightly in October to 55.3 from 55.1 in September,2022  as growth remained robust and price pressures were contained. The survey compiled by S&P Global reflected an improvement in employment and purchases by factories. A print above 50 in the survey indicates expansion in manufacturing activity while a score below that represents contraction. S&P Global                                   Headquarters: New York,US                         CEO: Douglas L. Peterson PMI or a Purchasing Managers' Index (PMI) is an indicator of business activity -- both in the manufacturing and services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before.