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India Manufacturing Growth Remains Strong

By Midhin P.K.  ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

India's factory activity continued to expand strongly at the start of the year despite slower rises in new orders and output amid weaker foreign demand, results of the purchasing managers' survey from S&P Global showed on Wednesday.

The manufacturing Purchasing Managers' Index, or PMI, dropped to 55.4 in January from December's recent high of 57.8. However, a reading above 50 indicates expansion in the sector.

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