India’s factory growth hits 7 month high in September, thanks to demand and hiring boost

 In September, India’s manufacturing sector experienced significant progress with rising demand and production levels. The HSBC India Manufacturing Purchasing Managers’ Index climbed to 55.1, reflecting vibrant business activity. Companies increased their hiring practices at the quickest rate since May, projecting a more positive outlook. Growth in new orders resulted in higher inventories, suggesting expectations of sustained demand, while input costs and selling prices also increased, with inflation remaining historically moderate. In September, India’s manufacturing sector experienced significant progress with rising demand and production levels. The HSBC India Manufacturing Purchasing Managers’ Index climbed to 55.1, reflecting vibrant business activity. Companies increased their hiring practices at the quickest rate since May, projecting a more positive outlook. Growth in new orders resulted in higher inventories, suggesting expectations of sustained demand, while input costs and selling prices also increased, with inflation remaining historically moderate.