India's Manufacturing Rises on Strong Demand and Optimism #manufacturinginindia #importexport

Indian Economic Updates : India’s Manufacturing Surges in October, Driven by Strong Demand and Optimism

India's manufacturing sector rebounded in October, signaling a strong start to the third financial quarter. The HSBC India Manufacturing PMI rose to 57.5 from September's 56.5, driven by increased orders, exports, and production. Growth in new orders and exports, particularly to Asia, Europe, Latin America, and the US, fueled demand, with consumer and investment goods production ramping up. Inflationary pressures also grew, with input costs rising but remaining below long-term trends. Employment levels increased, easing backlogs for the first time in over a year. Business confidence remains high, bolstered by expectations of strong demand and new product launches.

#manufacturinginindia #importexport

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