Indian manufacturing industry 'robust'

September 03 2008 | Category: India: Economy and finance

The fortunes of the Indian manufacturing economy improved in August, it has been revealed.

According to the ABN AMRO India Purchasing Managers' Index, the health of the industry strengthened considerably during the period, driven by substantial growth in production and new orders, reliableplant.com reports.

Gaurav Kapur, senior economist in India for the ABN AMRO Bank, told the news provider the headline purchasing managers' index reading remained largely unchanged from its July level, suggesting that the sector is witnessing a phase of stable growth.

"More importantly, from the perspective of future activity levels, order books improved with strong demand both from domestic and export markets," he added.

"Another significant development in August was the easing of inflationary pressures, especially on the inputs side, as global commodity prices declined sharply."

Last week, a study carried out by financial consultancy Mercer indicated the rapid expansion of Indian companies is increasing employee mobility and forcing companies to address policy issues on international assignments.
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