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India's manufacturing activity continued to expand in March with the HSBC Purchasing Managers' Index (PMI) for the sector coming in at 59.1, highest in 16 years, data released on April 2 showed.
"India’s March manufacturing PMI rose to its highest level since 2008. Manufacturing companies expanded hiring in response to strong production and new orders. On the back of strong demand and a slight tightening in capacity, input cost inflation picked up in March," according to Ines Lam, Economist at HSBC.
