April 2, 2025 3:39 PM
Manufacturing sector growth surged to 8-month high in March: HSBC
Manufacturing sector growth in India surged to an eight-month high in March as a faster upturn in total sales underpinned a sharper increase in output, according to a report by HSBC, released on Wednesday. The acceleration in March came despite a mild slowdown in international order growth. Buoyant demand led companies to tap into their inventories to meet increased client appetite, resulting in the most rapid decline in finished goods stocks since January 2022. Firms aimed to counter declini...