India’s Manufacturing Activity Hits Nearly Three-Year High in August

  • S&P Global India Manufacturing PMI shows firms’ order books and output levels expanded rapidly, reaching 58.6 in August from 57.7 in July.
  • Firms reported new work from international clients, leading to hiring new staff.
  • Increased manufacturing activity expected to contribute strongly to 2023-24’s Q2 economic growth, according to S&P Global Market Intelligence’s economics associate director.
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