Consider the following statements: 1. The Purchasing Managers' Index (PMI) is an economic indicator that measures the business confidence of purchasing managers in the manufacturing and services sectors. 2. The Reserve Bank of India (RBI) releases the PMI data for India. Which of the statement(s) given above is/are correct? |ForumIAS

Q. Consider the following statements:
1.The Purchasing Managers’ Index (PMI) is an economic indicator that measures the business confidence of purchasing managers in the manufacturing and services sectors.
2.The Reserve Bank of India (RBI) releases the PMI data for India.
Which of the statement(s) given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation – Statement 1 is correct. PMI is a survey-based economic indicator that reflects business conditions in the manufacturing and services sectors. It provides insights into whether market conditions are expanding, contracting, or remaining stable based on responses from purchasing managers.

Statement 2 is incorrect. PMI data for India is compiled and released by S&P Global, a financial information and analytics company.

Source: The Hindu

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