New Delhi, July 1 -- India's manufacturing sector activity rose to a 14-month high in June on the back of expansion in output, new orders, and job creation, a private survey showed on Monday.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.4 in June, up from 57.6 in May from 58.2 in April and 58.1 in March.
India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion.
To be sure, the headline figure was above its long-run average of 54.1, which suggests a substantial improvement in the sector's health.
"The manufacturing sector experienced a strong end to the first fiscal quarter, marked by improved trends in output and new orders, alongsid...
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