Finance & Economy | News & Insights

India’s economy showing signs of improvement: Assocham.

Published: October 10, 2020
Author: TEXTILE VALUE CHAIN

India’s economy has shown remarkable resilience in the last few months, braving the impact of the coronavirus pandemic with lead indicators such as manufacturing PMI and exports returning to growth trajectory, Assocham said on Thursday. The chamber’s Assessment on State of Economy (AASE) report pointed towards a further pick up in the coming months. “Be it India’s Purchasing Managers’ Index (PMI – Manufacturing) or PMI for Services, robust recovery is visible. The PMI for Manufacturing expanded to 56.8 in September 2020, the highest since January 2012. The PMI for Services expanded for the fifth straight month in September to 49.8 from 41.8 in August,” AASE noted.

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