Manufacturing PMI at 29-Month High Read More>>
India's manufacturing sector sees continued expansion in November, with the PMI rising to 56.0, up from October's eight-month low of 55.5
November marks the 29th consecutive month above the key level of 50 in the PMI, indicating sustained growth in manufacturing activity
The PMI data follows a robust 7.6% GDP growth in July-September, showcasing a comprehensive positive trend in India's economic indicators
S&P Global reports "negligible" input cost inflation in November, reaching its lowest point in a 40-month span. Selling price inflation hits a seven-month low, with less than 7% of manufacturers raising prices
The manufacturing PMI surge and subdued inflation levels provide policymakers with encouraging signs for economic stability and potential policy adjustments