India Manufacturing Growth Moderates In October Amid Slowing Orders And Output

India's manufacturing sector experienced a slowdown in growth momentum during October as output and new orders increased only marginally according to data released on Monday. The HSBC India Manufacturing Purchasing Managers Index compiled by S&P Global highlighted this cooling trend compared to the more robust activity recorded in September across the nation's industrial landscape. Market analysts note that while the sector remains in expansion territory above the crucial fifty mark, the softer pace reflects moderation in demand pressures both domestically and from international export markets. Industrial producers continue to navigate changing global economic conditions while managing their production capacities and supply chain inputs carefully. For businesses and consumers, this easing pace suggests a more balanced economic environment but also signals that industrial growth needs renewed domestic demand momentum to regain its previous rapid expansion speed in the coming months.