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Manufacturing PMI for India rises to 59.2 in October, led by GST‑driven order growth
India’s manufacturing Purchasing Managers’ Index (PMI) edged higher to 59.2 in October from 57.7 in September, driven by new‐order growth, improved productivity and Goods & Services Tax (GST) relief measures. The reading indicates continued strength in output after 52 months of expansion. While input costs increased, firms noted improved logistics and domestic demand.
Economists said this signals durable manufacturing momentum, although global headwinds and export demand softness remain risks for the sector.
positive
Manufacturing PMI for India rises to 59.2 in October, led by GST‑driven order growth
India’s manufacturing Purchasing Managers’ Index (PMI) edged higher to 59.2 in October from 57.7 in September, driven by new‐order growth, improved productivity and Goods & Services Tax (GST) relief measures. The reading indicates continued strength in output after 52 months of expansion. While input costs increased, firms noted improved logistics and domestic demand.
Economists said this signals durable manufacturing momentum, although global headwinds and export demand softness remain risks for the sector.
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Manufacturing PMI for India rises to 59.2 in October, led by GST‑driven order growth
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India’s manufacturing PMI rose to 59.2 in October, signalling strong expansion amid rising new orders and GST relief.
India’s manufacturing Purchasing Managers’ Index (PMI) edged higher to 59.2 in October from 57.7 in September, driven by new‐order growth, improved productivity and Goods & Services Tax (GST) relief measures. The reading indicates continued strength in output after 52 months of expansion. While input costs increased, firms noted improved logistics and domestic demand.
Economists said this signals durable manufacturing momentum, although global headwinds and export demand softness remain risks for the sector.
India’s manufacturing Purchasing Managers’ Index (PMI) edged higher to 59.2 in October from 57.7 in September, driven by new‐order growth, improved productivity and Goods & Services Tax (GST) relief measures. The reading indicates continued strength in output after 52 months of expansion. While input costs increased, firms noted improved logistics and domestic demand.
Economists said this signals durable manufacturing momentum, although global headwinds and export demand softness remain risks for the sector.
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manufacturing PMI
economy
manufacturing PMI
India
GST relief
industrial growth