The purchasing managers index in the manufacturing sector of India from Nikkei in October was 53.1 points, an increase from 52.2 points in September, finversia.ru writes, referring to the IHS Markit. The growth rate in the Indian industry is observed over the past 1.5 years due to the continuous improvement in demand and the introduction of new technologies. The volume of orders is constantly expanding, aided by advertising activity and flexible pricing of manufacturers, as well as high market competition. India’s industrial sector companies created the largest number of jobs in October since December 2017. Producers in India expect further growth next year.
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