April-May 84.2% excise mop up signals manufacturing pick-up

摘要

Riding on the manufacturing sector's growth in May, the Centre's excise duty collections grew a whopping 84.2% during the month at 21,809 crore or $3.3 billion (11,838 crore or $1.8 billion). The HSBC Manufacturing Purchasing Managers' Index had hit a four-month high in May, signalling a further robust expansion of the manufacturing sector.