India's manufacturing growth slowed in November but remained strong, despite high inflation.

India's manufacturing growth slowed in November due to high inflation, but still expanded at a strong pace. The manufacturing PMI dropped to 56.5, an 11-month low, yet remained above the 50 threshold for expansion. Despite inflation driving up input and output costs, job creation remained robust and new export orders increased. Business optimism rose due to anticipated marketing efforts, new product launches, and expected demand strength.

December 02, 2024
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