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India’s Manufacturing PMI Stands at 54.2 in June, Indicates Sector Expansion

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New Delhi, July 1 (IANS) India’s manufacturing PMI stood at 54.2 in June, signalling continued expansion in the sector, according to the HSBC Flash India PMI data released on Wednesday.The seasonally adjusted PMI remained comfortably above the 50-mark that separates expansion from contraction, indicating a sustained improvement in operating conditions across the manufacturing sector.According to the data, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) came at 54.2, although the pa…