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Chart of the Day | Composite PMI for November highlights inflation pressures

The MPC will worry that the data suggests inflation is not only persisting but becoming more broad-based

December 03, 2020 / 01:52 PM IST
Chart of the Day | Composite PMI for November highlights inflation pressures

Representative image (Source: Reuters)

The IHS Markit India Composite Purchasing Managers Index, a widely followed gauge of economic conditions in the Indian private sector, indicated that the recovery continued in November, although it slackened its pace. The India Composite PMI, which tracks seasonally adjusted month-on-month changes in both manufacturing and services, was 56.3 in November, lower than the previous month’s reading of 58. But it still shows strong expansion. (image) What will worry the RBI’s Monetary Policy Committee, which will announce its next policy statement...

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