Mfg activity posts strongest growth in a year

Manufacturing activity in the country gathered pace in February on the back of new domestic and overseas orders to post the fastest expansion in nearly a year, a survey showed on Monday. The HSBC India Purchasing Managers' Index (PMI) rose to 52.5 in February, up from 51.4 in the previous month, signalling robust improvement in business conditions across the sector. Production growth accelerated due to an increase in new work. New orders increased for the fourth month running and the fastest since February 2013, the survey showed.

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