Synopsis
While there is a belief that global PMI might become stable or increase when China resumes its manufacturing activity, some experts feel that it might further feed inflation. According to them, 2023 may not be a good time for equity investors. India has largely bucked the trend of low growth in PMI, but the year may not be easy.
Since August 2022, the global composite PMI has been in a contraction zone for each month till December, with a major decline in output in developed markets and a mixed trend in emerging markets. This contraction came after 26 months of uninterrupted expansion since June 2020. Led by the US Federal Reserve, central banks have been trying to depress demand since the beginning of last year to contain inflation.PMIs (Purchasing Managers Index) have
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