India's PMI Is Growing, But Skills Yet To Match Up For Better Job Prospects

No major country has been able to go from poverty to wealth without a robust manufacturing sector

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India's manufacturing sector has reached a noteworthy achievement, with the Manufacturing PMI (Purchasing Managers Index) hitting 59.1 in March, marking its highest level in 16 years. This figure is far above the global average of 52.1, suggesting a substantial development. This index has been calculated based on a survey conducted among 500 manufacturing organisations. The notable increase in performance indicates robust expansion, since both production and sales are experiencing the most rapid