The seasonally adjusted
The July
"The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July,"
Lima further said that "output expanded at the fastest pace since last November, a trend that was matched by the more forward-looking indicator of new orders. Although the upturn in demand gained strength, there were clear signs that capacity pressures remained mild as backlogs rose only marginally and job creation remained subdued."
The aggregate new order intakes rose substantially in July, recovering the growth momentum lost in June.
"The latest increase was in fact the most pronounced since last November, with quicker expansions recorded in all three broad areas of the manufacturing industry," as per the survey.
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