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India's manufacturing PMI hits 31-month high in May
India's Manufacturing Purchasing Managers' Index rose to 58.7 in May, its highest level since October 2020, driven by strong demand and output. Firms also hired at the fastest rate in six months and optimism around future business activity rose to a five-month high. The growth in the manufacturing sector has been a significant driver of India's economy over the past few quarters.
India's Manufacturing Purchasing Managers' Index rose to 58.7 in May, its highest level since October 2020, driven by strong demand and output. Firms also hired at the fastest rate in six months and optimism around future business activity rose to a five-month high. The growth in the manufacturing sector has been a significant driver of India's economy over the past few quarters. 
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