India manufacturing PMI hits 10-month high in November
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NEW DELHI, Dec. 1 -- India's manufacturing activity grew at its fastest pace in 10 months in November, as companies scaled up input buying encouraged by strengthening demand and improving market conditions, which in turn led to the second-quickest accumulation in stocks of purchases since data collection started nearly 17 years ago, a private survey showed.
Data released by the IHS Markit showed Purchasing Managers' Index (PMI) rose to 57.6 in November from 55.9 in October. A reading above 50 indicates expansion in economic activity and a number below that signals contraction.
The second devastating wave of coronavirus pandemic had hit the country in March, affecting manufacturing activity.
"Underlying data suggested that the domestic ...
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