India’s manufacturing PMI rises to 55.1 in September

India's manufacturing sector showed stronger growth in September, with the purchasing managers' index (PMI) rising to 55.1 from 52.8 in August, according to data released by HSBC and S&P Global. The September reading marked the strongest improvement in the sector's health in seven months, with the index remaining above 50, indicating expansion in manufacturing activity.

New orders grew at the fastest rate in seven months, driven by stronger demand for electronic, food, pharmaceutical, and textile products. Export orders also expanded at a quicker pace, with increased demand from clients in Brazil, Europe, the UAE, and the US. Factory production expanded at the sharpest rate in four months, while employment in the sector grew at a solid pace after a decline in August.

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