The headline HSBC India Purchasing Managers' Index (PMI) a composite gauge designed to give a single-figure snapshot of manufacturing business conditions stood at 53.3 in November significantly higher from 51.6 in October.
The manufacturing sector output, improved for the 13th month in a row and reached a 21-month peak in November.
A figure above 50 indicates the sector is expanding, while a figure below that level means contraction.
"Manufacturing activity accelerated further in November led by higher output and new orders. Domestic orders saw the biggest increase, even as new export orders continued to be strong," HSBC Co-Head of Asian Economic Research Frederic Neumann said.
November data indicated stronger-than-expected demand, as new order growth accelerated to the quickest in 21 months. Similarly, foreign orders received by Indian goods producers continued to rise strongly in November.
The manufacturing sector output, improved for the 13th month in a row and reached a 21-month peak in November.
A figure above 50 indicates the sector is expanding, while a figure below that level means contraction.
"Manufacturing activity accelerated further in November led by higher output and new orders. Domestic orders saw the biggest increase, even as new export orders continued to be strong," HSBC Co-Head of Asian Economic Research Frederic Neumann said.
November data indicated stronger-than-expected demand, as new order growth accelerated to the quickest in 21 months. Similarly, foreign orders received by Indian goods producers continued to rise strongly in November.
Meanwhile, the country's economic growth fell to 5.3 percent in the second quarter from 5.7 percent rate in the first three-month period ended June, raising the clamour for rate cut by the RBI on Tuesday.
Source: News and Business News