New Delhi, April 14 -- The production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators such as the manufacturing PMI, GST collections, and e-way bill generations, according to a report by Bank of Baroda.

However, the report also mentioned that the first quarter of the current fiscal year may witness some pressure, especially due to uncertain global trade conditions, with export growth remaining a key risk.

It said, "Given the latest improvement in manufacturing PMI for Mar'24, along with pick-up in e-way bill generations and GST collections, we expect production to have reported some improvement towards the end of the last fiscal year. In Q1 of the cu...