New Delhi, March 2 -- Manufacturing activity in India surged at its fastest pace in four months in February, driven by domestic demand for goods amid a mild uptick in international orders, S&P Global said on Monday, citing its seasonally adjusted manufacturing purchasing managers' index.
S&P Global said that a major improvement in domestic demand for Indian goods fuelled new order intakes and spurred the greatest upturn in production volumes in four months.
The market intelligence provider said in a statement that its seasonally adjusted HSBC India PMI, a gauge of overall conditions derived from measures of new orders, output, jobs, supplier delivery times and stocks of purchases, rose from 55.4 in January to a four-month high of 56.9 i...
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