India's manufacturing PMI rose to 55.3 in January from 54.7 in December

GK and monthly revision
India's factory growth improves slightly in January, PMI shows
India's manufacturing activity saw a slight improvement in January, with a modest rise in factory output and a three-month high in hiring. However, export orders remained sluggish, and business confidence dipped to a three-and-a-half-year low. Input costs increased, but output price inflation eased, indicating limited pricing power for manufacturers. This data is relevant for understanding the current state of the Indian economy and its impact on employment and consumer prices.
Revision structure
Key points
Exam-ready takeaways
Domestic demand improved, but export orders remained sluggish
Business confidence dipped to a three-and-a-half-year low
Input costs increased, but output price inflation eased
Hiring reached a three-month high
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