BENGALURU: India's manufacturing sector expanded at its fastest pace in three months in May on sustained demand even as cost pressures were among the most intense in nearly four years and business optimism softened to its lowest since February, a survey showed on Monday.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 55.0 in May from April's 54.7, higher than a preliminary estimate of 54.3.
A reading above 50.0 indicates growth.
