India's Manufacturing PMI Surges To 31-Month High, Maintains Expansion For 22 Consecutive Months
India's manufacturing sector continued to show robust expansion in May, according to data released on June 1.
The S&P Global Purchasing Managers' Index (PMI) for manufacturing reached a 31-month high of 58.7, up from April's reading of 57.2.
The PMI has now remained above the key level of 50 for 22 consecutive months, indicating sustained growth in activity.