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Strong demand pushes November factory growth to best pace in 2018


(Reuters) - India's factory activity in November expanded at the fastest pace this year, buoyed by a rise in domestic and foreign demand that allowed firms to raise prices, a private survey showed.Monday's survey bolsters views that business activity in Asia's third-largest economy continues to recover from a slowdown and indicated that risks from rising inflation pressure would not dissuade the Reserve Bank of India (RBI) from tightening monetary policy again.The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 54.0 last month from October's 53.1, confounding ...

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First Published: Mon, December 03 2018. 15:19 IST