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Asian Economic News

India Manufacturing Growth Rises In April

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's manufacturing sector grow improved marginally in April, amid a rise in production and demand, survey results from IHS Markit showed on Monday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, rose to 55.5 in April from 55.4 in March.

Any reading above 50.0 indicates expansion in the sector. Economists had expected the reading to fall to 51.6.

New orders and output expanded in April. New export orders increased for the eighth straight month.

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