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India’s factory activity accelerates in October as domestic demand offsets weaker exports
India’s manufacturing PMI improved to 56.
Manufacturing activity in India gained pace in October, supported by resilient domestic demand even as exports slowed. The S&P Global Manufacturing PMI rose to 56.3 from 55.5 in September, reflecting stronger new orders and stable production levels. Input cost pressures remained contained, encouraging firms to boost hiring and output. Analysts suggest domestic consumption continues to drive manufacturing recovery despite external trade headwinds. The steady PMI trend strengthens prospects for India’s Q3 GDP performance and aligns with government forecasts for sustained growth momentum.