Key Points
India's manufacturing sector expanded at the slowest pace in four months in February amid rising borrowing costs & weakness in the sector, a private survey showed on Wednesday..
However, the sector remained relatively strong amid buoyant domestic demand, despite higher inflationary pressures...
India's S&P Global Manufacturing Purchasing Managers' Index remained largely unchanged at 55.3 last month from January's 55.4..
"Companies were confident in the resiliency of demand and continued to add to their inventories by purchasing additional inputs," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence...
"The survey showed some reluctance among manufacturers to pass on cost increases to clients, with output charge inflation easing since January," De Lima added...
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