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Inventory dip & new orders drive India’s manufacturing surge in March
India’s Manufacturing PMI rose to 58.1 in March from 56.3 in February, marking the highest level in eight months, driven by strong domestic demand. Firms increased output and input purchases while tapping into inventories, leading to the sharpest fall in finished goods stocks. Despite mild export growth and rising input costs, business confidence remained high with optimistic output forecasts.
India’s Manufacturing PMI rose to 58.1 in March from 56.3 in February, marking the highest level in eight months, driven by strong domestic demand.
Firms increased output and input purchases while tapping into inventories, leading to the sharpest fall in finished goods stocks.
Despite mild export growth and rising input costs, business confidence remained high with optimistic output forecasts.
