GST relief boosts mfg growth: PMI

Manufacturing sector conditions in India continued to strengthen in October, buoyed by GST relief, productivity gains and tech investment, the HSBC India Manufacturing PMI, compiled by S&P Global, revealed on Monday.

- FPJ News Service

A faster increase in new orders boosted growth of output and buying levels, and the latter drove a near-record expansion in input inventories. Meanwhile, external sales rose at the slowest pace in ten months. Elsewhere, there was a modest and softer increase in input costs, but the rate of charge inflation matched September's near 12-year high.