World Economy

India Factory Output Rises

India Factory Output RisesIndia Factory Output Rises

Indian factory output rose at its fastest rate in nearly two years in November, with consumer goods leading the way, a key HSBC survey showed Monday. The bank said its purchasing managers index (PMI) rose to 53.3 points from 51.6 in the previous month, the highest figure recorded since February 2013, AFP reported. “Manufacturing operating conditions in India improved for the thirteenth month in a row in November, supported by stronger growth of output and new work intakes,” said HSBC. However, the bank cautioned that inflationary pressures had intensified in November after three months of easing. The latest data comes a day before India’s central bank meets for its regular monetary policy review.