India’s factory growth highest in over a decade as demand bounces back ...News

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India’s factory growth highest in over a decade as demand bounces back
Asia's third-largest economy saw a second consecutive month of record factory activity performance in October, a private survey has showed, with output expanding at the highest rate in 13 years. The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.9 last month from 56.8 in September on the back of the ongoing relaxation of Covid-related restrictions. The readings show that India’s economy is healing after shrinking by a record 23.9 percent in the April-June quarter. Levels of new orders and output at #Indian manufacturers continued to recover from #COVID-19 induced contractions earlier in the year

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