India manufacturing growth at 4-month highStaff Writer | August 2, 2016
India's manufacturing activity expanded at the fastest pace in four months in July, survey results from Markit showed.
Indian manufacturers Nikkei PMI edged up to 51.8
Supported by greater demand from both the domestic and external markets, total new business climbed at the fastest pace since March. Indian manufacturers stepped up production, with July's upturn being the most pronounced since March.
Nonetheless, only 1 percent of surveyed companies took on additional workers in July.
On the price front, July saw input costs rise at the slowest pace in five months. Although charge inflation accelerated, the rate of increase was only slight and remained below its long-run average. ■