India's Factory Growth in June Dips Slightly, yet Remains Robust
India's Manufacturing Sector Continues Strong Growth in June, Slightly Slower than May
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According to a recent private survey, India's manufacturing sector maintained its robust growth in June, albeit at a slightly slower pace compared to the previous month.
The Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, recorded a reading of 57.8 in June, a slight decrease from May's figure of 58.7. However, the PMI remained above the crucial 50-mark, indicating expansion rather than contraction.
Despite grappling with increased inflationary pressures, the industry's performance was bolstered by strong and sustained demand. The survey highlighted the enduring appetite for Indian-made goods, both in the domestic market and across international borders.
