India's April manufacturing PMI rises to 54.9 from 54.7 previously, led by strong export orders,...

|By:, SA News Editor
India's April manufacturing PMI rises to 54.9 from 54.7 previously, led by strong export orders, which drove the overall new orders sub-index to 61.1. "The RBI's rate cut could turn out to have been premature and too aggressive," says HSBC's Leif Eskesen, noting both output and input prices grew at a faster pace in April.