- The reopening of the Indian economy continued to help lift growth in the service sector.
- As economic activity continued to normalize with the lifting of pandemic restrictions. It separates growth from contraction for a tenth consecutive month.
- The main factor behind it was Strong Services and manufacturing activity boosted the composite index to such a high level.
- Apart from that country’s economy expanded 4.1% year-on-year in the January-March quarter.
- As per data, there has been a rise in retail inflation due to energy and commodity price rises caused by the Russia-Ukraine war.
- Besides we all knew that India’s economy is grappling with eight-year high inflation in April RBI must come up with strong policy rates to tackle it.
Question:
Q.1 As per recent data India’s Purchasing Manager Index has increased to ________ in May compared to April?a. 56.9
b. 58.9
c. 57.2
d. 60.1
