Reuters
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A labourer welds an iron pillar at a building material factory in an industrial area in Dasna, in the central Indian state of Uttar Pradesh, India, January 9, 2019. Picture taken January 9, 2019. REUTERS/Adnan Abidi
BENGALURU, Aug 2 (Reuters) - Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
The Manufacturing Purchasing Managers Index (INPMI=ECI), compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.
India s factory growth rebounded in July, hiring resumed after 15 months
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Factory Growth Rebounded In July, Hiring Resumed After 15 Months
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