Added on July 1, 2024
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India’s manufacturing sector growth ticks higher in June; record upturn in employment
![India’s manufacturing sector growth ticks higher in June; record upturn in employment India’s manufacturing sector growth ticks higher in June; record upturn in employment](https://i0.wp.com/kashmirvision.in/wp-content/uploads/2022/04/growth.jpg?resize=650%2C300&ssl=1)
NEW DELHI, July 1 (PTI) : India’s manufacturing sector output increased at a sharp pace in June as new business continued to flow in amid favourable demand conditions and resulted in record upturn in employment, a monthly survey said on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) increased from 57.5 in May to 58.3 in June, indicating a sharper improvement in business conditions.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.