India’s manufacturing sector experienced a robust expansion in August, with the Manufacturing Purchasing Managers’ Index (PMI) rising to 55.2 from 54.8 in July, signaling faster growth. This uptick was driven by strong increases in new orders and production, reflecting heightened demand across various industries. According to a survey by IHS Markit, employment levels in the manufacturing sector also improved for the fourth consecutive month, indicating growing confidence among manufacturers. However, input costs continued to climb, resulting in higher output prices. Despite these inflationary pressures, overall business sentiment remains positive, with manufacturers expressing optimism about future production. The sector’s strong performance is expected to contribute to India’s ongoing economic recovery, providing a boost to growth in the coming months.
