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India's manufacturing conditions improved in February though the Nikkei India Manufacturing Purchasing Managers Index remained constant at 51.1— the same level as in January.
"Manufacturing business conditions in India continued to improve, with new orders, exports, output and purchasing activity all rising in February. However, a faster expansion in new business inflows failed to lift output growth and workforce numbers remained broadly unchanged again. PMI data also highlighted a weaker rise in costs and the first reduction in selling prices since September 2015," it said in a release on Monday.
A reading above 50 on the PMI indicates contraction, while a reading above 50 reflects expansion.
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