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India's Manufacturing Activity Rebounds in October UPSC NOTE

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  Why in news Manufacturing activity in India’s private sector showed improvement in October, after three months of slowdowns, as per the H...

 Why in news

  • Manufacturing activity in India’s private sector showed improvement in October, after three months of slowdowns, as per the HSBC India Manufacturing Purchasing Managers’ Index (PMI)

  • The PMI rose to 57.5 in October, indicating expansion (a reading above 50 signifies growth).

  • Fresh export orders picked up in October, especially from markets in Asia, Europe, Latin America, and the U.S..

  • There was a rise in production, driven by demand for consumer and investment goods.

  • Input costs increased, particularly due to freight, labor, and material costs, leading to higher output prices.

  • About 10% of firms increased staff and scaled up inventories in anticipation of future demand.


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: India's Manufacturing Activity Rebounds in October UPSC NOTE
India's Manufacturing Activity Rebounds in October UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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