Highlights

  • A PMI reading of more than 50 reflects an expansion in manufacturing activity a reading of less than 50 shows a contraction
  • 21st month of PMI remaining above the 50 mark

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India's manufacturing activity expansion continues in March

India's manufacturing PMI increased to 56.4 in March up from 55.3 in February, reflecting an expansion in manufacturing activity for the 21st consecutive month. 

India's manufacturing activity expansion continues in March

India's manufacturing PMI expanded from 55.3 in Feb to 56.4 in March. This comes as the 21st month of manufacturing PMI remaining above 50.

A PMI reading of more than 50 reflects an expansion in manufacturing activity and a number that's less than 50 shows a contraction.

"India's manufacturing sector posted a remarkable performance at the end of the final fiscal quarter, as growth of factory orders and production quickened to the strongest in three months," S&P Global said in a statement.

This also comes on the back of strong GST collections of Rs 1.6 lakh crore in March, which is among the highest GST collections seen since its introduction.

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