India’s manufacturing sector growth hits 14-month high in June on expansion in employment, output
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India’s manufacturing sector growth hits 14-month high in June on expansion in employment, output
New Delhi: India’s manufacturing sector growth rose to a 14-month high of 58.4 in June, marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index—an indicator of sector performance—was 57.6 in May. In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50…
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