India Manufacturing Growth Eases But Stays in Expansion Zone: HSBC PMI

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India's manufacturing sector continued to grow in the latest reporting period, though the pace of expansion slowed compared to previous months. The HSBC Purchasing Managers' Index remained above the 50-point threshold, indicating the sector is still in expansion territory. Demand held up reasonably well, providing underlying support to the sector despite the moderation. However, growth in new orders, input buying, and hiring all decelerated during the month. The data suggests the manufacturing sector remains stable, even as momentum shows signs of cooling.

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