 "manufacturing")
India's factory activity improved last month as a recovery in the economy from the pandemic-induced slump boosted demand and output, according to a private survey, but firms reduced headcount at the sharpest pace since May.
That recovery might continue for at least a few months, supported by ultra-easy monetary policy and continued fiscal spending.
A hike in the Reserve Bank of India's key interest rate looks to be a rare possibility until at least next fiscal year and India's government said earlier this week it would continue with its borrowing-backed spending to revive the economy.
The Manufacturing Purchasing Managers' Index,
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