In August 2026, India's Manufacturing Purchasing Managers' Index (PMI) remained strong. What does a PMI reading above 50 generally indicate?
A A contraction in manufacturing activity
B No change in manufacturing activity
C An expansion in manufacturing activity
D A stagnation in manufacturing output
Answer: C
A PMI reading above 50 indicates that the manufacturing sector is expanding compared to the previous month. A reading below 50 suggests contraction, and a reading of 50 indicates no change.