India’s manufacturing sector rebounded in June, as indicated by the HSBC Purchasing Managers Index (PMI) rising to 58.3 from 57.5 in May. This growth was driven by robust demand, leading to increased new orders, production levels, and procurement activity. Companies also saw the fastest hiring pace in over 19 years, despite ongoing high input costs. To mitigate these costs, firms raised prices significantly, supported by strong consumer goods sales and increased exports. Although future output expectations dipped slightly, the overall outlook remains optimistic as the sector continues its 36th consecutive month of expansion since July 2021.
Indian Manufacturing Sector Shows Strong Recovery in June
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