Key Points
India's manufacturing sector expanded at its quickest pace in three months in March on improved output and new orders, although firms shed jobs for the first time in over a year, a private business survey showed on Monday.. Further, input cost inflation saw a reduction while output grew at the strongest pace since December...
The Manufacturing Purchasing Managers' Index compiled by S&P Global increased to 56.4 in March from February's 55.3, remaining above the 50-mark threshold that separates growth from contraction for a 21st straight month...
Job market conditions darkened, slipping back into contraction for the first time in 13 months although the pace of job shedding was minimal..
"Underlying demand for Indian goods remained strong in March...Hence, production continued to expand at a robust clip and firms stepped up their stock-building efforts," Pollyanna De Lima, economics associate director at S&P Global Market Intelligence, said in a release...
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