MUMBAI: The eight core industries posted healthy growth in April 2024, said the Reserve Bank of India (RBI) Governor, Shaktikanta Das, while explaining the Monetary Policy Committee (MPC) decisions today.
He also said purchasing managers’ index (PMI) in manufacturing continued to exhibit strength in May 2024 and is the highest globally, adding that services sector maintained buoyancy as evident from available high frequency indicators. “PMI services stood strong at 60.2 in May 2024 indicating continued and robust expansion in activity,” he added
During 2024-25 so far, domestic economic activity has maintained resilience. Manufacturing activity continues to gain ground on the back of strengthening domestic demand.
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