Mfg Growth Rises To 8-Month High In March

India's manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), rose to an eight-month high of 58.1 in March, up from a 14-month low of 56.3 in February, on the back of strong domestic demand.

- Auhona Mukherjee

NEW DELHI: The index has remained above 50 for over three years now.

"India registered a 58.1 manufacturing PMI in March, up substantially from 56.3 during the previous month. Although international orders slightly slowed, overall demand momentum remained robust, and the new orders index recorded an eight-month high of 61.5," said Pranjul Bhandari, Chief India Economist at HSBC.