Key Points
A global economic slowdown is making some of the top countries in the world nervous, but recent factory activity data suggests that Indias economy still remains resilient...
This was driven by strong growth in new orders and output and signals resilient demand and an encouraging economic outlook...
Pollyanna De Lima, economics associate director at S&P Global Market Intelligence, said, Reflecting a robust and quicker expansion in new orders, production growth took another step forward in April..
The survey noted that both new orders and output grew at their fastest pace since December, helping firms to resume hiring during April. Foreign demand also expanded at the fastest pace in four months in April, leading to greater optimism...
"Manufacturers are certainly upbeat towards growth prospects, with optimism improving from March's eight-month low on the back of contracts pending approval, rising client enquiries, marketing initiatives and evidence of demand resilience," De Lima said...
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