Factory activity expands at fastest pace in 5 years in Dec
India's factory activity expanded at the fastest pace in five years in December 2017 following a rise in output and new orders. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose to 54.7 in December from November's 52.6, marking its fifth straight month above the 50 level. A reading above 50 on the index denotes expansion. 