A solid upturn in incoming new business helped push up growth in India’s manufacturing activity in October, the widely tracked Nikkei India Services Purchasing Managers’ Index (PMI) showed.
After falling to 52 in September due to drop in new orders, PMI bounced back in October to 54.5 near — close to the 43-month high of 54.7 seen in August. The 50-point mark separates expansion from contraction.
The order books also rose at a quicker...
