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Nikkei PMI

India defies Asia slump as manufacturing hits 14-month high

New orders propel surge while Japan, South Korea and Taiwan feel China chill

Indian automaker Mahindra & Mahindra in February sold 52,915 cars in the domestic market, up 9% from a year ago.   © Reuters

SINGAPORE -- India, Asia's third largest economy, is bucking the regional trend in manufacturing activity, after February's performance expanded at the fastest pace in 14 months, the latest Nikkei Purchasing Managers' Index survey revealed.

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