BusinessPhoto: Amar BusinessIndia's Manufacturing Growth Slows in October with Employment Rise
India's manufacturing sector growth slowed in October, with production and new orders increasing at a reduced pace compared to previous months. The HSBC India Manufacturing PMI fell from 55.1 in September to 54.7 in October but remained above the neutral 50 level, indicating continued expansion. Despite slower hiring and weaker business confidence, companies increased staff numbers and raw material inventories amid improving demand and new orders from multiple countries.
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