Key Points
"The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation, said S&P. ..
India's manufacturing industry witnessed a solid growth in March, expanding at the fastest pace in 16 years due to accelerating demand..
The seasonally adjusted HSBC India Manufacturing Purchasing Managers Index (PMI) climbed to a 16-year high of 59.1 in March, from 56.9 in February..
Growth of new orders accelerated to the quickest in nearly three-and-a-half years in March, inflows of new work strengthened, new export orders increased at the fastest pace since May 2020, manufacturing output rise for the 33rd month in March and to the greatest extent since October 2020, growth across consumer, intermediate and investment goods sectors quickened, quantities of purchases increased at the quickest rate since mid-2023, inventories of purchases increased to the second-greatest extent in the survey history, apart from May 2023...
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