India’s Manufacturing Sector Sees Strong Growth in November 2024, PMI Rises to 56

India’s manufacturing sector is showing strong growth in November 2024, supported by a variety of factors, including easing inflationary pressures and increased demand from both domestic and international markets. According to a recent survey by S&P Global Market Intelligence, India’s Manufacturing Purchasing Managers’ Index (PMI) rose to 56, up from 55.5 in October. This indicates continued expansion and robust output growth, with businesses benefiting from improved supply chain conditions and lower input costs. As the sector adapts to these positive shifts, labor market conditions remain favorable, with recruitment on the rise​.