Robust Growth in India’s Manufacturing Sector

Date:

October 25, 2024

India’s manufacturing sector continues to thrive, as indicated by the latest HSBC Flash PMI, which reported a reading of 57.4 for October, up from 56.5 in September. This marks a significant recovery and suggests a substantial improvement in factory conditions. The increase in new work intakes has driven companies to scale up operations and hire more staff. Despite rising input costs, manufacturers outperformed service providers, showcasing resilience in the face of economic pressures. This positive trend has been noted for the thirty-ninth consecutive month.

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Shoaib

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