Posted 10/3/2023, 12:06:24 PM

India's Factory Growth Slows in September but Remains Solid on Strong Demand

India's factory activity expanded at the slowest pace in 5 months in September but remained solid with strong demand.
New orders and output rose sharply despite easing from August, driven by domestic and foreign demand.
Employment index hit a 9-month high as firms increased headcount due to optimism.
Input costs rose mildly, at the weakest pace in over 3 years, but strong demand led firms to raise selling prices.
Inflation eased in August but remained above RBI's target range, keeping policymakers watchful about rate hikes.

reuters.com

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