PMI rises to 54.7; Inflation pressures mount
New Delhi: India's manufacturing sector activity picked up modestly in April, driven by improvements in new business orders and production, a private survey released on Monday showed. The growth, however, was the second weakest in nearly four years and manufacturers noted rising inflationary pressures due to the West Asia conflict. The HSBC Purchasing Managers Index (PMI), compiled by S&P Global,…
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