The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 58.4 in June from 57.6 in May due to a rise in demand for new orders and growing exports, primarily to the US.
Report released Wednesday by HSBC India Services Purchasing Managers' Index highlighted service providers in India attribute strong performance to growth in demand & new business gains.
The February PMI data pointed to an improvement in overall operating conditions for the 20th straight month. A score above 50 means expansion and below 50 indicates contraction.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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