India's manufacturing PMI declines to 58.8 in April
The rise in raw material stocks during the month was supported by increased buying levels.
The rise in raw material stocks during the month was supported by increased buying levels.
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
However, the PMI average for the fourth quarter for FY23 stood at 55.7, as against 56.3 in Q3 of FY23.