Key Points
BENGALURU: India's factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday...
While regional peers such as China, Japan and South Korea have seen their manufacturers struggle for prolonged periods, solid growth in the sector has been one of the primary drivers of India's economy over the past few quarters...
, compiled by S&P Global, rose to over a 2-1/2 year high of 58.7 in May from April's 57.2, confounding a Reuters poll expectation for a drop to 56.5...
"While the upturn in domestic orders strengthens the foundations of the economy, rising external business foster international partnerships and boost India's position in the global market," said Pollyanna De Lima, economics associate director at S&P Global...
Thanks to strong demand, firms were able to hire at the strongest rate since November 2022 and optimism around future business activity rose to its highest in five months...
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