May 2, 2024 5:50 PM

India’s manufacturing growth momentum continues, future looks bright: HSBC

India's manufacturing sector witnessed its second-fastest pace of improvement in three-and-a-half years in April, as per the latest HSBC PMI (Purchasing Manager's Index) data. The data indicates a surge in market demand driving this growth, with firms experiencing a surge in new intakes and scaling up production. However, in comparison to the previous month, the HSBC India Manufacturing Purchasing Managers' Index (PMI) data registered a dip in the April month but it remained above the neutral m...