India’s manufacturing sector maintains steady expansion through October amid export headwinds

India’s manufacturing activity expanded at a robust pace in October, supported by resilient domestic demand even as exports slowed due to weaker global orders. Purchasing Managers’ Index data indicated continued strength in consumer goods and construction-linked industries. Firms increased output and hiring to meet internal demand, signaling sustained industrial confidence. Economists suggest that while external trade may remain subdued, India’s domestic momentum and infrastructure-led growth are cushioning the economy. This trend supports expectations for solid GDP growth into FY26 despite global uncertainty.