Positive consumer sentiment was also palpable through the monthly sales figures for cars and two-wheelers as both segments witnessed an annual uptick.
Car sales in the wholesale market last month stood at 373,177 units, up 11 per cent Y-o-Y and were the highest for the second month of any calendar year and the third highest ever.
The manufacturing sector, too, gathered momentum in February on the back of expansion in new export orders and easing of pricing pressures. The headline Purchasing Managers Index (PMI) climbed to a five-month high of 56.9 against 56.5 in January, the survey released by HSBC on Friday showed.
But after hitting record highs in January, unified payment interface (UPI) transactions witnessed a marginal dip in both value and volume terms last month. They fell 0.7 per cent and 0.8 per cent respectively, compared to January. In value terms, transactions were seen at 18.28 trillion, while in volume terms, they were at 12.10 billion.
Bu hikaye Business Standard dergisinin March 02, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 02, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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