AMN / NEW DELHI
India’s manufacturing conditions improved in June at the strongest pace in 2018 so far, amid the sharpest gains in output and new orders.
The Nikkei India Manufacturing Purchasing Managers’ Index, or PMI, rose to 53.1 in June from 51.2 in May.
This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.