“Bharat’s manufacturing activity hit a 16-Year high in March”, Swarajyamag, April 1, 2024:
“India’s manufacturing sector saw significant expansion in March, marking its quickest growth rate in 16 years, driven by heightened demand.
Additionally, the hiring rate surged to its highest in half a year.
The HSBC final India Manufacturing Purchasing Managers’ Index, compiled by S&P Global, rose to the highest since February 2008.
“The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) climbed to a 16-year high of 59.1 in March, from 56.9 in February. The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation,” said S&P…..”
Read the full article at Swarajyamag.com
