India pips China in manufacturing growth: HSBC

The manufacturing and services sectors in India expanded at a faster pace than those in China in December, even emerging market growth remained lacklustre, an HSBC survey said on Wednesday. During December, the HSBC composite index for India that maps both manufacturing and services stood at 52.9, whereas for China it was 51.4, Brazil (49.2) and Russia (47.2). An index measure of above 50 indicates expansion.