Mumbai, Mar 27 (PTI) Manufacturing improved in March after a three month decline, while various government measures are likely to push up activity in the infrastructure sector going forward, says a State Bank of India research report. The yearly SBI Composite Index, one of leading indicator for manufacturing activity in the Indian economy, bounced back to above 50-mark level to 50.3 after 3-months of decline. Besides, the monthly index has also improved to 53.3 in March, from 49.2 in February, the SBI Research report said. Further, SBI said that the infrastructure sector is now looking up, after a long period of hiatus. "We now remain positive on the steel sector since adverse factors appear to have bottomed out," it added.

Source: India Today March 27, 2017 13:18 UTC