India manufacturing PMI unchanged at 52.5 in April
TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, remained unchanged from March at 52.5 in April.
A reading above 50 indicates economic expansion, while one below 50 points toward contraction.
"Buoyant domestic demand coupled with sustained growth of new orders from abroad boosted the upturn in total new business received by Indian manufacturers in April," said Pollyanna De Lima, economist at IHS Markit, which compiles the survey.
"The outlook appears encouraging too, with output expected to remain on an upward trajectory amid reports of planned capacity expansions, new product launches, aggressive marketing campaigns and an improving economic scenario."
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