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2
May 2017
India's
manufacturing conditions improved for the fourth straight month in April due to
healthy domestic demand conditions and exports growth, a key macro-economic
data showed on Tuesday. The Total Investment
& Insurance Solutions
The
Nikkei India Manufacturing Purchasing Managers' Index (PMI), which is a
composite indicator of manufacturing performance during April 2017, matched the
index reading of 52.5 reported in March. The
Total Investment & Insurance Solutions
An index
reading of above 50 indicates an overall increase in economic activity, and
below 50 an overall decrease. The Total
Investment & Insurance Solutions
"Buoyant
domestic demand coupled with sustained growth of new orders from abroad boosted
the upturn in total new business received by Indian manufacturers in
April," said Pollyanna De Lima, economist at IHS Markit and author of the
report.
"Having
recovered at the beginning of the year from December's demonetisation-related
contraction, growth of order books has gathered pace in each month since."The Total Investment & Insurance Solutions
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