The latest data from the Purchasing Managers’ Index (PMI) and Goods and Services Tax (GST) collections are pointing towards a resilient economy for India in the fourth quarter. The PMI, which measures manufacturing activity, registered a reading of over 50 for the seventh consecutive month in December, indicating expansion in the sector. Additionally, GST mop-up for December crossed ₹1.15 lakh crore, a strong indicator of economic recovery. These positive indicators suggest that India’s economy is on a path of steady growth and recovery despite the ongoing challenges caused by the COVID-19 pandemic.
