India's manufacturing grew in September but slowed, with rising costs and weaker hiring, despite improved business confidence.

India's manufacturing sector expanded in September but at a slower pace, with the HSBC PMI falling to 57.7 from 59.3, its weakest growth in four months, though still above the 50 threshold. New orders, output, and hiring slowed, with job creation at a one-year low. Input costs surged, driving the fastest rise in selling prices since 2013. Despite this, business confidence hit a seven-month high, fueled by recent GST cuts and stronger export demand outside the U.S. U.S. tariffs on Indian goods remain in place but face legal challenges, creating trade uncertainty.