According to the Nikkei India Manufacturing Purchasing Managers survey, India’s manufacturing sector activity in June grew at the strongest pace in 2018, aided by a rise in domestic and export orders .

• The Nikkei India Manufacturing Purchasing Managers Index (PMI) rose from 51.2 in May to 53.1 in June, registering the fastest improvement since December 2017.
• This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. 

• According to an expert, India’s manufacturing economy closed the quarter on a solid footing against a backdrop of robust demand conditions, highlighted by the sharpest gains in output and new orders since last December.

• "On the jobs front, the latest survey data pointed to a healthy labour market, with job creation accelerating to the sharpest since December 2017,” he added.

• PMI or a Purchasing Managers' Index (PMI) is an indicator of business activity -- both in the manufacturing and services sectors. 

• It is a survey-based measures that asks the respondents about changes in their perception of some key business variables from the month before.

• It is calculated separately for the manufacturing and services sectors and then a composite index is constructed. 

• A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction. Higher the difference from this mid-point greater the expansion or contraction.

Indian Express.