HSBC economist Pranjul Bhandari

BusinessIndia's manufacturing PMI falls to 54.7 in October, still in expansion

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Business⚠Unconfirmed — Reported by one source so far🟠Important

India's manufacturing PMI falls to 54.7 in October, still in expansion. 1 in September, yet it stayed well above the 50‑point neutral line. Output and new orders grew, but at a slower pace than in September.