New Delhi [India] October 1 (ANI): India's manufacturing sector continued to expand in September though at a slower pace, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) easing to 57.7 from 59.3 in August, according to survey data released on Wednesday.
The September reading, while marking the weakest improvement since May, remained well above the neutral 50-point threshold, signalling robust expansion in factory activity. The survey, conducted by S&P Global between September 10 and 24, highlighted slower increases in new orders, output and input purchases, while job creation slipped to its lowest level in a year.
Despite the moderation, business optimism surged to a seven-month high, driven largely by the recent cuts in Goods and Services Tax (GST) rates. "The Septemb