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Mfg sector growth rises to 8-month high in Mar: PMI
Hindustan Times West UP
|April 03, 2025
Expansion led by rise in factory orders and production amid strong demand
NEW DELHI: India's manufacturing sector growth rose to an eight-month high in March, driven by quicker increases in factory orders and production amid buoyant demand conditions, a monthly survey said on Wednesday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) was at 58.1 in March, up from 56.3 in February, indicating a substantial improvement in the health of the sector that was above its long-run average.
In February, India's manufacturing PMI fell to a 14-month low amid softer increase in new orders and production.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
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