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flag India's manufacturing sector saw slight January recovery, with output and domestic demand rising, but business confidence fell and input costs surged.

flag India's manufacturing sector showed a slight recovery in January, with the HSBC PMI rising to 55.4 from December's two-year low of 55.0, signaling continued expansion since July 2021. flag Output and new domestic orders improved, indicating stronger local demand, while export orders rose marginally, reflecting weak international demand. flag Hiring increased to a three-month high but remained modest. flag Business confidence fell to its lowest level in over three years, with only 15% of firms expecting higher output next year. flag Input costs rose at the fastest pace in four months due to higher prices for raw materials and transport, but output price inflation slowed to its lowest level in nearly two years, suggesting limited pricing power.

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