Home News/Articles Manufacturing growth in India drops to three-month low

Manufacturing growth in India drops to three-month low

As indicated by the month to month HSBC-Market review released on Monday, India’s headline Purchasing Managers’ Index (PMI), a composite gauge of manufacturing business conditions, tumbled from December’s two-year record of 54.5 to 52.9 in January.

As indicated by the statement of HSBC’s chief India economist Pranjul Bhandari, producing action kept on improving in January, however the rate of growth slipped to a three-month low.

The Reserve Bank of India is planned to audit its policy rates on Tuesday to cut down the cost of capital to support the manufacturing sector in India.