India’s Manufacturing Sector Achieves Remarkable Growth

India’s manufacturing sector has displayed impressive resilience, reaching a three-month peak in August 2023, defying market predictions.

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Furthermore, an uptick in export orders contributed to the elevated manufacturing PMI, extending its growth streak for 17 consecutive months.

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Pollyanna De Lima, the Economics Associate Director at S&P Global, lauded the PMI results. Describing them as painting a vibrant picture of India’s manufacturing landscape in August.

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This data underscores the resilience and vitality of India’s manufacturing sector, defying expectations and setting the stage for a positive economic trajectory in the coming months.

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As the PMI continues to exceed expectations, it offers hope for sustained growth and economic stability in India’s industrial landscape.

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