Manufacturing PMI index at its Lowest.
Demand and supply chain has been badly affected due to Lockdown. According to the Latest Economy news, The manufacturing purchasing manager index fell to 27.4 in April. The decline in the index is a sign that work has stopped in almost all sectors from manufacturing...PMI was 51.8 in March before the lockdown. After the introduction of the PMI Index in 2005, it is at the lowest point.
Economist of IHS Markit, Eliot Kerr, says that India's industrial activities were not affected much in March. But the effect of lockdown can be seen clearly in the month of April.
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