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Asian Economic News

India Manufacturing Expands In July

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

India's manufacturing sector expanded at the strongest pace in three months in July, amid a rebound in production and demand that led to an increase in hiring for the first time in over a year.

The headline manufacturing Purchasing Managers' Index, or PMI, rose to 55.3 in July from 48.1 in June, survey results from IHS Markit showed on Monday.

Any reading above 50 indicates expansion in the sector.

Factory orders improved in July amid a sharp increase in demand from abroad.

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