Factory growth at five-month high in February, cost pressures cool
Friday, 1 March 2024
Manufacturing industry in India experienced robust growth in February, with activity expanding at its fastest pace in five months. The HSBC final India Manufacturing Purchasing Managers' Index rose to 56.9, beating expectations. The manufacturing sector, which accounts for 17% of India's economy, expanded by 11.6% year-on-year last quarter.
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