New Delhi, July 26 -- The HSBC Flash India Purchasing Managers Index (PMI) report showed strong domestic economic conditions fueled by vibrant manufacturing. This report highlighted the headline composite PMI Output index, which rose to 60.7 per cent in July. While the manufacturing PMI also witnessed a surge and rose to 59.2 per cent.
The manufacturing sector showed a major increase in buying levels among good producers, which was widely supported by timely supplier deliveries. On the other hand, the stock of finished goods witnessed a marginal fall as firms have mostly used the warehoused goods to meet the standards of rising demand.
The HSBC report also pointed out a surge in charge inflation as private sector companies raised the sell...