Current Trends in Indian Economy Manufacturing ends 2022 on a high note As per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), India’s manufacturing sector recorded its sharpest increase in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021. However the selling prices surged more than input costs for the first time in two and half years. The seasonally adjusted PMI reading for December 2022 rose to 57.8 from 55.7 in November, reflecting ‘a robust improvement in the health of the sector that was the best seen since October 2020’. For the October to December quarter, the PMI averaged 56.3, the highest in a year. Note The Purchasing Managers' Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors. PMI focuses mainly on the five major Survey Areas: Employment New orders Production Inventory levels Supplier deliveries
Current Trends in Indian Economy
Current Trends in Indian Economy Over 10% increase in area under wheat and oilseeds cultivation Cultivation of wheat, the main rabi crop, begins in October every year. The harvesting takes place in March-April. Apart from wheat, other important crops like pulses and mustard are cultivated during Rabi season of 2022-23 crop year (July to June). It has been reported that wheat cultivation area has increased by 10.5 percent and oilseeds cultivation area by 13.58 percent during Rabi season. Crop Cultivated area (last year) Cultivated area (Current year) Wheat 138.35 lakh hectares 152.88 lakh hectares Paddy 8.33 lakh hectares 9.14 lakh hectares Oil seeds 66.71 lakh hectares 75.77 lakh hectares Pulses varieties 94.37 lakh hectares 94.26 lakh hectares Corn, barley and cereals 26.70 lakh hectares 26.54 lakh hectares
