New Delhi, Dec. 1 -- India's manufacturing sector continued to expand in November, though at a slower pace, with the HSBC India Manufacturing PMI (purchasing managers' index) easing to 56.6 from October's 59.2, according to a survey compiled by S&P Global.
A reading above 50 shows expansion in manufacturing activities while a score below it indicates contraction.
The moderation in factory activities is seen as a direct impact of punitive tariff imposed by the US on a large number of items in India's export basket.
Notably, the official GDP data released last week showed Indian economy recorded 8.2 percentannualised growth in the second quarter (July-September) of the current fiscal 2025-26 with manufacturing sector powering the surge....
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