PMI is not a proxy to IIP: CARE Ratings

PMI will not be a proxy to IIP: CARE Ratings

  Kolkata: Purchasing Managers’ Indexes that come out on the primary couple of days of the month and are thought-about to be a number one indicator of what’s occurring within the financial system however they will’t be a substitute or proxy to Index of Industrial Production (IIP) or manufacturing facility output, CARE Ratings mentioned. The…