India’s factory growth hits seven-month high as new orders and exports pick up
India’s manufacturing sector recorded its strongest growth in seven months during September, helped by stronger domestic and international demand. The HSBC India Manufacturing Purchasing Managers’ Index rose to 55.1 in September from 52.8 in August. The latest reading marked a significant improvement in factory activity. A PMI reading above 50 indicates expansion, while a figure below 50 represents contraction. According… Continue reading "India’s factory growth hits seven-month high as new orders and exports pick up"