India manufacturing PMI rises to 55.4 in January, signals sector rebound
India’s manufacturing sector rebounded in January, with the PMI rising to 55.4 from 55 in December, signaling expansion. Growth was driven by higher domestic demand, new orders, and increased employment. Input costs rose moderately, while factory-gate inflation eased to a 22-month low, slightly pressuring margins. Export growth remained modest, supported by demand from key global markets.
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