As global companies diversify supply chains beyond China, India is emerging as a preferred destination for manufacturing investments. The China+1 strategy could help the country attract billions in capital,

India's manufacturing sector activity growth accelerated to a three-month high in May, driven by demand strength, infrastructure projects and new business gains, even amid inflationary pressures, a monthly survey said on Monday.

India’s manufacturing sector strengthened further in May, recording its strongest performance in three months as rising domestic demand fuelled faster

The HSBC India Manufacturing PMI is a widely tracked indicator that assesses overall manufacturing performance based on factors such as new orders, production levels, employment trends, supplier delivery times and inventory holdings.

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India’s manufacturing sector expanded at its fastest pace in three months during May, with the final purchasing managers’ index reaching 55.0, up from Aprils

Manufacturers say modules built using domestic cells are substantially more expensive than those using imported cells.

HSBC India Manufacturing PMI climbed to 55.0 in May, signalling stronger factory activity despite rising energy, fuel and raw material costs