UPSC Current Affairs
Purchasing Managers Index
Key facts about the Index : PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity that is happening in the country. It takes into account both the manufacturing and services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some key business variables.
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Key facts about the Index : PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity that is happening in the country. It takes into account both the manufacturing and services sectors. It is a survey-based measures that asks the respondents about changes in their perception of some key business variables.
Key facts about the Index :
- PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity that is happening in the country.
- It takes into account both the manufacturing and services sectors.
- It is a survey-based measures that asks the respondents about changes in their perception of some key business variables.
- It takes into account private sector companies and it is used worldwide in different economies.
- It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
- A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction.
- IHS Markit produces the PMI(Purchasing Managers Index) for India.
- The index is derived after a survey of 500 manufacturing companies.
Syllabus : prelims- Economy
- Prelims: Key facts, institutions, locations and terminology in the article.
- Mains: Connect the topic with Economy, Polity & Governance.
- Revision: Use the article headings to prepare concise notes and answer-writing points.
Test your understanding
Questions from this article
Prelims practiceWith reference to Purchasing Managers Index, consider the following statements:
- PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity that is happening in the country.
- It takes into account both the manufacturing and services sectors.
- It is a survey-based measures that asks the respondents about changes in their perception of some key business variables.
Which of the statements given above are correct?
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
View answer
Answer: (d) 1, 2 and 3. All three statements are drawn from the article.
Mains practiceDiscuss the background, key issues and significance of Purchasing Managers Index for India.
Answer in 250 words.
View answer approach
- Key facts about the Index :
- Background and context
- Key facts and institutional framework
- Significance and way forward
Frequently asked questionsFrequently asked questions
Why is Purchasing Managers Index in the news?
Key facts about the Index : PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity that is happening in the country. It takes into account both the manufacturing and services sectors.
What are the key facts about Purchasing Managers Index?
It is a survey-based measures that asks the respondents about changes in their perception of some key business variables. It takes into account private sector companies and it is used worldwide in different economies. It is calculated separately for the manufacturing and services sectors and then a composite index is constructed.
Why is Purchasing Managers Index important for UPSC preparation?
The topic connects current developments with Economy, Polity & Governance and is relevant for both objective revision and analytical answer writing.