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Asian Economic News

India Manufacturing Growth Strongest In 5 Months

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

India's manufacturing activity expanded at the fastest pace in five months in February amid robust demand both domestically and internationally, survey results from S&P Global showed on Friday.

The seasonally adjusted HSBC Manufacturing Purchasing Managers' Index rose to 56.9 in February from 56.5 in January. A score above 50.0 indicates expansion.

Factory orders and output grew at the quickest pace in five months. The capital goods category was largely responsible for the significant increase in output. Favourable sales demand in February was attributed to fruitful marketing efforts.

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