"The Indian manufacturing sector remained on the right path to recovery, with strong growth of new orders and output sustained during November," Pollyanna De Lima, Economics Associate Director at IHS Markit, said. While all three broad areas of the manufacturing industry recorded expansion, the consumer goods segment led the growth, the only sector to see a stronger rate of increase, the report said. It is believed that the loosening of Covid-19 restrictions, combined with an improvement in market conditions and a pick-up in demand, supported another increase in production, it said.
According to the PMI report based on a survey of 500 private sector companies, new export orders expanded at the quickest rate in one year.
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