Economic Buzz: India PMI hits 55.9 on strong factory demand

India?s manufacturing activity strengthened in April, with the HSBC PMI rising to 55.9 from 53.9, signalling solid expansion. Output, new orders, and exports grew at a faster pace, supported by improved demand and capacity expansion. Hiring rose to a 10-month high as firms responded to stronger order inflows, while input buying and inventories also increased, with finished goods stocks rising sharply. Cost pressures remained elevated due to higher fuel and raw material prices, though inflation eased slightly, keeping price hikes moderate.

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