March India's manufacturing inflation pressures increase

The latest survey report released by the HSBC Bank showed that in March India's manufacturing input and output prices rose more than before, and driven by rising raw material prices, input cost inflation pressure was the highest since the survey index was launched in 2005.

Leif Eschson, HSBC chief economist for India and ASEAN, said that due to the tight labor market and rising raw material prices, manufacturers are facing an accelerated increase in input costs, which will inevitably lead to output prices, and India needs to continue to tighten. Monetary policy to reduce inflationary pressures.

Data show that in March, India's manufacturing purchasing managers index was 57.9, which was in line with February, indicating that the manufacturing industry maintained a good growth situation; the new orders index increased from 62.4 last month to 64.2, which is the fastest growth since August 2008 Month.

As of March 2011, the Indian Manufacturing Purchasing Managers Index has remained at more than 50 for two consecutive years. India's manufacturing industry has shown continued growth momentum after escaping from the impact of the international financial crisis.