New Delhi, May 2 -- India's manufacturing sector experienced a slight moderation in growth during April, however, it remained firmly entrenched in a robust expansionary trajectory, according to the latest purchasing managers' index (PMI) data released on Thursday.
The HSBC India Manufacturing PMI eased to 58.8 in April from March's 16-year peak of 59.1, though it continues to signal a marked improvement in operating conditions.
The report highlighted that resilient domestic demand fuelled a sharp rise in overall new orders at manufacturers, with the rate of expansion being among the strongest registered since the beginning of 2021.
Successful marketing campaigns were also cited as supportive factors bolstering order book volumes. Exte...