India Pips China in December Manufacturing Growth: HSBC

New Delhi: The manufacturing and services sectors in India expanded at a faster pace than those in China in December, an HSBC survey said today. The HSBC Emerging Markets Index (EMI), a monthly indicator derived from PMI surveys, rose to three-month high of 51.7, from November's six-month low of 51.2, but still signalled only a modest rate of expansion. The EMI averaged 51.4 over 2014 as a whole, the lowest for a calendar yea...