India’s Manufacturing Sector Soars, PMI Hits 57.5 in October 2024, Boosting Economic Growth

India’s manufacturing sector has witnessed a notable surge, contributing positively to the economy as the country continues to drive economic growth. According to the latest data, India’s manufacturing PMI (Purchasing Managers’ Index) increased to 57.5 in October 2024, up from 56.5 in September. This growth reflects a continued expansion in both domestic and export markets, particularly driven by strong demand in industries like textiles, electronics, and automotive.