Business Standard reported that amid the disappointing macroeconomic numbers,the HSBC Purchasing Managers'Index(PMI)for the manufacturing sector in India might give some cheer to policy makers.
It rose to a six-month high in December,at 54.7 points,from 53.7 in November.
In fact,the November level was a five-month high.
A PMI reading above 50 points indicates growth and one below it indicates contraction.
A statement by Markit Economics,the financial information company which compiles the PMI,attributed the increase to rising output growth and new orders.
Mr Leif Eskesen,chief economist for India&Asean at HSBC said"Activity in the manufacturing sector picked up again,led by faster output growth and a further uptick in new orders,which led to a faster increase in backlog of work as companies struggled to keep up with demand."
