India’s manufacturing sector growth accelerates in June: PMI

India’s manufacturing sector growth accelerates in June: PMI

Mumbai, July 2 (IANS) Favourable demand conditions accelerated the pace of India’s manufacturing sector output in June, a key economic data point showed on Monday.

According to the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a composite indicator of manufacturing performance rose at the fastest pace since last December to 53.1 from 51.2 in May 2018.

An index reading of above 50 indicates an overall increase in economic activity and below 50 an overall decrease.

Commenting on the Indian manufacturing PMI survey data, Aashna Dodhia, Economist at IHS Markit and author of the report, said: “India’s manufacturing economy closed the quarter on a solid footing against a backdrop of robust demand conditions, highlighted by the sharpest gains in output and new orders since last December.”

“Meanwhile, orders from international markets rose at the strongest pace since February.”

India demands denial of safe-havens to criminals at Interpol General Assembly

New Delhi: At the Annual Interpol General Assembly, India has stressed the need to deny any safe havens for crime, criminals and proceeds of crimes. India has also stressed upon...

‘KJo was very loving’: Rani Mukerji on ‘KKHH’ shoot

Mumbai, Nov 30 (IANS) Actress Rani Mukerji shared that she has many special memories of filmmaker Karan Johar during the filming of the 1998 romantic movie 'Kuch Kuch Hota Hai'...

India backs UNGA resolution demanding Israel to withdraw from Golan Heights

= United Nations,: India has backed a UN General Assembly (UNGA) resolution demanding that Israel withdraw from the occupied Golan Heights, a territory the Jewish nation captured from Syria in...

At UNGA, India condemns Hamas terrorism; large-scale civilian deaths in Israel retaliation

United Nations: At the UN General Assembly meeting on Palestine, India condemned both the terrorism with hostage-taking by Hamas and the “large-scale loss of civilian lives” in Israel’s retaliation, but...

Rahul Gandhi to visit Indonesia, Malaysia & Singapore from Dec 8 to 15

New Delhi: Former Congress President Rahul Gandhi, who has campaigned extensively in the assembly elections in five states, is all set to travel to three countries from December 8 to...

India resumes issuing e-visas to Canadian nationals

New Delhi: India on Wednesday started issuing e-visas to Canadian nationals again, two months after the services were suspended in the wake of souring diplomatic ties following Ottawa's allegation of...

Issue of US visas in India being speeded up, says Ambassador Garcetti

New Delhi: The US is accelerating the pace of issuing visas in India with more staff joining its Hyderabad consulate and new consulates to open up in Bengaluru and Ahmedabad...

India doesn’t rule out probe into Nijjar killing, but Canada must give evidence: Jaishankar

New Delhi: External Affairs Minister S. Jaishankar said that India did not rule out an investigation into Canada’s allegations over 'Indian agents' involved in the murder of Khalistani separatist Hardeep...

India signs IPEF pact to strengthen Indo-Pacific supply chain resilience

New Delhi: India, the US and 12 other IPEF partner countries have signed the first Supply Chain Resilience Agreement aimed at strengthening global supply chains. The agreement was signed by...

Kerala Guv chides CM over handling state affairs

Thiruvananthapuram: Kerala Governor Arif Mohammed Khan on Friday criticised the Chief Minister Pinarayi Vijayan about the way he is running the government in the state. “A resolution was passed by...

Jaishankar discusses Israel-Hamas war, Indo-Pacific issues with Blinken

New Delhi: External Affairs Minister S Jaishankar held “an open and productive discussion” with visiting US Secretary of State Antony Blinken here on Friday on strengthening strategic New Delhi-Washington ties,...

Top UK lawyers fear Jagtar Johal won’t receive ‘due process’ in India

London: Top lawyers have asked UK Foreign Office minister Lord Ahmad to retract his recent comments saying that British Sikh Jagtar Singh Johal would receive "due process" in India where...

Read Previous

After Mandsaur incident, another minor is raped in Satna of MP

Read Next

India’s May core industrial output growth slows to 3.6%

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com