India's Manufacturing Sector Expands at Quickest Pace in Three Months in March

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India's manufacturing sector expanded at the fastest pace in three months in March, according to a private business survey.

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The S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56.4 in March, a three-month high.

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The sector has now been expanding for 21 consecutive months, with the PMI I reading has remained above 50, indicating expansion.

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Increased demand and resilient marketing efforts were cited as key growth drivers, according to the survey.

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Input cost inflation fell to its second-lowest level in two-and-a-half years, allowing firms to focus on rebuilding stocks.

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Although selling prices increased moderately, some firms kept their fees unchanged to boost sales.

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Job creation remained stagnant as outstanding business volumes expanded at a marginal rate.

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